Prime Minister Lee Hsien Loong, along with other 14 CEOs of top Singaporean companies, will be inaugurating a 2,200-hectare industrial estate in Java, a joint venture between PT Jababeka and Singapore's Sembawang Corporation.
Indonesian President Joko Widodo and PM Lee will be attending the inaugural ceremony of the Kendal Industrial Estate in Semarang, said the Foreign Ministry's East Asia and Pacific director Edi Yusup.
"The first phase of the estate's development will cover up to 1,000 hectares of land. It is expected to finish in 2020," said Edi, as reported by The Jakarta Post.
Dishing more information, Edi said that an investment of around Rp 3.2 trillion (US$244 million) has been made for majorly furniture, garment and automotive industries. Several companies from Singapore, Indonesia, China, Japan, Germany have already started constructing business facilities in the estate.
"We hope the 14 CEOs from Singapore will be interested in investing in the industrial estate and also in other parts of the country," Edi told a press briefing, according to the news agency.
Moreover, the leaders are likely to discuss other pressing issues that concern both Singapore and Indonesia and sort out some diplomatic middle way to tackle them.
According to Arrmanatha Nasir, Indonesia ministry spokesman, President Jokowi and PM Lee will be discussing at length on the transboundary haze pollution which has become a serious concern in Singapore and Malaysia.
Indonesia's land clearing and forest fire are creating a thick haze in Malaysia and its neighbouring regions like Singapore.
Recently, according to The Straits Times, Environment Minister Wan Junaidi Tuanku Jaafar said, "We don't want to pick a fight but we just want to notify them that the haze is back."