ESR, INA deepen logistics push with two Cikarang facilities - Companies - The Jakarta Post

Companies

The push comes as growing logistics and manufacturing activity drives demand for modern warehouse space in Indonesia.

ESR and INA representatives break ground on Aug. 11 on the ESR Cikarang Logistics Park 4 project in a joint investment to develop modern logistics infrastructure in Greater Jakarta. (INA/- )

Asia-Pacific real asset owner and manager ESR and Indonesian sovereign wealth fund Indonesia Investment Authority (INA) are expanding their partnership with the development of two logistics facilities in Cikarang, West Java, as demand for higher-specification warehouses grows alongside manufacturing and e-commerce activity.The two companies, together with other capital partners, are jointly investing in the projects, as demand grows for modern logistics to support Indonesia’s expanding manufacturing and increasingly sophisticated supply chains, according to a joint press release issued on Tuesday.

The country’s freight and logistics market is expected to surpass US$188 billion by 2031, driven by e-commerce, rising manufacturing exports and domestic consumption, according to the release, citing the Indonesia Freight and Logistic Market Report by Mordor Intelligence.