Three major corporations are looking for more investors to join 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 China’s southeastern province of Fujian, under the mantle of the central government’s Belt and Road Initiative.
The three firms were 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 related services, including marine aquaculture systems and fish processing. The location for the fishery installations has not yet been disclosed.
Fujian is a major center of the Chinese offshore aquaculture sector, and the Two Countries Double Parks seeks to create closer ties between industrial parks in Fujian Province and parks in Indonesia operated by the Salim Group, Indonesia’s biggest conglomerate. Like CP, the Salim Group was originally established by ethnic Chinese migrants, and both firms have major investments in China. While predominant in palm oil and logging, the Salim Group also has interests in agriculture, fisheries, and real estate, as well as tourism.
China has become a major buyer of seafood and tropical fruit from Indonesia. Salim has set up extensive agriculture operations in Indonesia to supply fruit and vegetables to major urban centers throughout Asia.
