Indonesia's President Suharto and the Singapore Prime Minister, Goh Chok Tong, will jointly launch a giant marine and industrial complex on the Indonesian island of Karimun later today (Monday).

The Karimun Marine and Industrial Complex, 40 kilometres southwest of Singapore, is the third big industrial centre developed by the Singapore and Indonesian private sectors.

The complex, costing 142-million dollars, is designed to be a marine and industrial hub for heavy engineering, marine and petroleum-related industries.

The two leaders will also exchange views on bilateral relations and regional developments.