Indonesia-based Salim Group has joined a Sino Indonesian fishery development project that will include mariculture, as well as seafood processing facilities.
The Salim Group has joined with China’s state-owned food trader COFCO Group and the CP Group on the “Two Countries Double Parks” project, which is being promoted by local government in the south-eastern province of Fujian under the mantle of the central government’s Belt and Road Initiative. The three major corporations are looking for more investors to join the project.
The firms are among a range of companies attending an investment conference this week in Fuqing, a city in Fujian with traditional business and family links to Southeast Asia. The conference is seeking investors in fisheries, food processing, and services – among the projects listed for investment are marine aquaculture systems and fish processing.
It’s not clear where the fishery installations will be located. Fujian is a major center of the Chinese offshore aquaculture sector. “Two Countries Double Parks” is a vision of twinning industrial parks in Fujian province with parks in Indonesia by the Salim Group.
The Salim Group, like CP, was originally established by ethnic Chinese migrants and both firms have major investments in China. While predominantly involved with palm oil and logging, the Salim Group also has interests in agriculture, fisheries, and real estate – as well as tourism.
