Jakarta, May 26 -- Indonesia has established a new holding company, Kawasan Industri Indonesia, to consolidate state-owned industrial estate management under sovereign wealth fund Danantara as part of a broader state-enterprise restructuring program.

Danantara Chief Operating Officer Dony Oskaria said the holding company was created to sharpen industrial estate management and support investment expansion across Indonesia.

"It will be called Kawasan Industri Indonesia, a new holding company dedicated to managing all of our industrial estates," Dony said in Jakarta on Monday.

He said the government expects industrial estates to become a key vehicle for attracting both domestic and foreign investors into strategic regions.

According to D...