Jakarta, Dec. 24 -- Indonesia's Transmigration Minister M. Iftitah Suryanagara reported that 50 companies have expressed interest in investing a combined capital of up to Rp240 trillion (US$14.3 billion) in transmigration zones nationwide over the next four years.

Speaking in Jakarta on Tuesday, he noted that the ministry's Patriot Expedition Team (TEP) projects these potential investments could absorb approximately 200,000 workers, stimulating local economies.

Suryanagara highlighted the Kaliorang transmigration zone in East Kalimantan as a strategic destination, offering potential in mining, palm oil, and port development.

"In fact, our ministry has signed a memorandum of understanding with LX International Corp. of South Korea, whic...