Indonesia’s US$2.5 billion Singapore-inspired oasis to woo tourists, transform Jakarta’s north coast
[JAKARTA] Indonesian conglomerate Agung Sedayu Group’s multibillion-dollar project, inspired by Singapore’s Sentosa Island and set to revitalise Jakarta’s north coast in three years, will feature a 27-hole golf course, a Formula 1 racetrack and a sports complex.
The grand project called Tropical Coastland – one of Indonesia’s recently unveiled 14 national projects to galvanise activity across key sectors – is hoping to woo tourists from neighbouring countries Singapore and Malaysia, amid growing demand for the sport.
Agung Sedayu’s chief executive officer Richard Kusuma, who grew up in Singapore during his elementary to high school years, told The Business Times that the golf course will span 100 hectares (ha) and will fully open in 2027.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Thai police raid illegal bitcoin mining operation
Thailand’s April inflation rises slightly, first time in 7 months
Myanmar junta bans men from applying to work abroad: statement
Microsoft CEO pledges RM10.5 billion in cloud, AI investment in Malaysia
OCBC’s Indonesia subsidiary completes acquisition of PT Bank Commonwealth
Thailand to increase daily minimum wage to 400 baht in Oct