Indonesia builds its own Silicon Valley: “Algorithm Hill” in West Java
Indonesia’s plan to create a Silicon Valley-like technology park is taking shape, with work soon to start on the multi-billion-dollar project for which private investors have already committed $1.2 billion as a beginning.
The high-tech park, to be called “Algorithm Hill,” will cover 888 hectares in West Java and focus on a broad variety of modern research and development, including in the sectors of renewable energy, digital innovation, drones and micro-satellites, biotech, nuclear, nanotechnology, artificial intelligence and others.
In the first phase of three years, infrastructure such as tollways, water and electricity systems and earthquake-proof buildings would be built.
Three prominent Indonesian universities will be given 25 hectares of land each for free at Algorithm Hill, but they will be expected to agree to a profit-sharing scheme with all the business entities involved in the project.
The project is overseen by Budiman Sudjatmiko, chief executive officer of PT Kiniku Bintang Raya, a state-owned company joining the Algorithm Hill project.
Widodo’s vision of a fourth industrial revolution
Politically, the project is supported by Indonesia’s President Joko Widodo’s vision of ushering a fourth industrial revolution built on advanced technology and human resources in time for 2045, when the country will celebrate 100 years of independence.
Budiman revealed that the park will be built on a swathe of land in an abandoned resort in Sukabumi, West Java, some 112 kilomters away from Jakarta. Overall, it is expected to take 11 years to complete.
Investors have come from Canada, Mainland China, Taiwan, Germany and an undisclosed country in the Middle East, Budiman said.
A rendering of how Algorithm Hill would look like Indonesia’s plan to create a Silicon Valley-like technology park is taking shape, with work soon to start on the multi-billion-dollar project for which private investors have already committed $1.2 billion as a beginning. The high-tech park, to be called “Algorithm Hill,” will cover 888 hectares in West Java and focus on a broad variety of modern research and development, including in the sectors of renewable energy, digital innovation, drones and micro-satellites, biotech, nuclear, nanotechnology, artificial intelligence and others. In the first phase of three years, infrastructure such as tollways, water and...
Indonesia’s plan to create a Silicon Valley-like technology park is taking shape, with work soon to start on the multi-billion-dollar project for which private investors have already committed $1.2 billion as a beginning.
The high-tech park, to be called “Algorithm Hill,” will cover 888 hectares in West Java and focus on a broad variety of modern research and development, including in the sectors of renewable energy, digital innovation, drones and micro-satellites, biotech, nuclear, nanotechnology, artificial intelligence and others.
In the first phase of three years, infrastructure such as tollways, water and electricity systems and earthquake-proof buildings would be built.
Three prominent Indonesian universities will be given 25 hectares of land each for free at Algorithm Hill, but they will be expected to agree to a profit-sharing scheme with all the business entities involved in the project.
The project is overseen by Budiman Sudjatmiko, chief executive officer of PT Kiniku Bintang Raya, a state-owned company joining the Algorithm Hill project.
Widodo’s vision of a fourth industrial revolution
Politically, the project is supported by Indonesia’s President Joko Widodo’s vision of ushering a fourth industrial revolution built on advanced technology and human resources in time for 2045, when the country will celebrate 100 years of independence.
Budiman revealed that the park will be built on a swathe of land in an abandoned resort in Sukabumi, West Java, some 112 kilomters away from Jakarta. Overall, it is expected to take 11 years to complete.
Investors have come from Canada, Mainland China, Taiwan, Germany and an undisclosed country in the Middle East, Budiman said.
