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Gold and Gemstone Mining, Inc. Sets sail with New Government contracts and Building Construction of 2 new Resorts in the Mentawai Islands
Gold and Gemstone Mining, Inc. Sets sail with New Government contracts and Building Construction of 2 new Resorts in the Mentawai Islands.
About this update from Gold And Gemstone Mining Inc.
[{"type":"text","content":"\n\n\n\nGold and Gemstone Mining, Inc. Sets sail with New Government contracts and Building Construction of 2 new Resorts in the Mentawai Islands\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGold and Gemstone Mining, Inc. Sets sail with New Government contracts and Building Construction of 2 new Resorts in the Mentawai Islands\nPR Newswire\nJAKARTA, Indonesia, May 18, 2022\n\n\n\nJAKARTA, Indonesia, May 18, 2022 /PRNewswire/ -- Gold and Gemstone Mining, Inc. (OTC Markets: GGSM) is pleased to announce new Government Contracts and increased operations from its Cargo Boat Murni.  Cargo Boat Murni is located in Sumatra in the Padang Harbor, and has the capacity to haul over 200 tons of Construction building materials for Resorts and Government Contracts between Sumatra, Nias, and Telos islands.  Cargo Boat transports is a growing business because building and land development are expected to grow.  Indonesia's construction sector is growing at 7-8% per year.  \nRudi Khelces as CEO and CFO of the Company stated its Cargo Boat Murni will haul equipment and materials to build its Seven Palms Resort, and Nasara Resort in the Mentawai islands. And, its Charter Boat Business is starting to experience tremendous work orders from resorts and Government Contracts as Indonesia opens the archipelago to accommodate the onslaught of tourism and economic growth in Indonesia. \nConstruction value for building projects is estimated to reach IDR 157.47 trillion (USD 10.97 billion) in 2022, driven by growth in the housing and industrial sectors.  Trends in other categories, such as hotel, retail, and office, continue to show growth compared to 2021, which may boost the construction market in the coming years.\nIndonesia is the second most productive and profitable construction market in Asia, where many construction projects are underway in residential and non-residential sectors.  There is a massive demand for residential properties, and the property sector is growing in major cities across the country.  Public works investment is crucial in th...