Indonesia plans to import 500 Chinese-built vessels by 2019 to strengthen its maritime sector and improve domestic logistics efficiency. The move is in response to the 'sea highway' concept recently initiated by Indonesia's new President, Joko Widodo, to improve the Asian country's maritime proficiency. The total value of the vessels will be around $5.5 billion, with a new set of taxation facilities created for investors interested in helping Indonesia develop its maritime fleet.
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