Source from: Tempo
Original News HERE
Chief Executive of the Kiniku Bintang Raya KSO Budiman Sudjatmiko was determined to develop a mega project of technology industry 4.0 in Cikidang, Sukabumi, West Java, dubbed Algorithm Hill. To realize Indonesia’s version of Silicon Valley development with five priority technology research programs, he added, one billion euros or equal to Rp18 trillions has been prepared.
“Once everything is settled and the budget is also okay, [we will start the project]. We have already had investors from several countries, including Canada,” said Budiman after visiting the location in Sukabumi, Sunday, April 18, 2021.
Budiman said the groundbreaking will take place after this year’s Eid al-Fitr or mid-May. He also claimed that everything is ready for construction and there are no obstacles.
The project in an area of 888 hectares will be under PT Kiniku Bintang Raya, a collaboration of PT Kiniku Nusa Kreasi and PT Bintang Raya Lokalestari that established an agreement on April 7, 2021. The ‘98 activist said the project will be divided into two, cluster and ecosystem projects.
“The cluster project means the infrastructure development. We allocate Rp18 trillions for the construction of clusters and other supporting infrastructure,” Budiman explained.
As for the ecosystem project, he went on, it will not be at the site but villages around the area that will be their partners so that the country’s villages will be more advanced with digital knowledge by 2045.
“[We have] investors from Germany, they invested Rp1.4 trillion for the ecosystem project,” said Budiman Sudjatmiko, adding that the Algorithm Hill will be developed by a state-owned construction company, PT Amarta Karya.