Pantai Indah Kapuk Dua (PIK 2), a prominent Indonesian property developer supported by billionaire Anthoni Salim and entrepreneur Sugianto Kusuma, has announced plans to invest 40 trillion rupiah ($2.5 billion) in developing a massive tourism estate in Banten, a coastal town north of Jakarta. The 1,755-hectare project is expected to create 30,000 jobs and will feature a safari area, golf course, hotels, and an international motor racing circuit upon completion by 2060. The estate will be connected to Jakarta and the Soekarno-Hatta International Airport via the construction of the 40-kilometer Katara toll road, which is expected to open within a year.
The government has designated this project as one of the strategic initiatives undertaken by the private sector, aiming to attract 10 million domestic and foreign tourists annually. This development is anticipated to contribute significantly to the economic growth of Indonesia, the largest economy in Southeast Asia. PIK 2 is primarily owned by Multi Artha Pratama (MAP), with an 89.2% stake in the company. MAP is a partnership between the Salim Group and Agung Sedayu, led by Anthoni Salim and Sugianto Kusuma, respectively. In 2020, MAP successfully completed the reclamation works of two islands, transforming them into a mixed-use waterfront residential and commercial estate in northern Jakarta.
Anthoni Salim, with a net worth of $10.3 billion, holds the fifth position on Indonesia’s 50 Richest list as of December. Leading the Salim Group, a conglomerate with interests in various sectors such as food, banking, and energy, Salim oversees the group’s significant investments and operations. Indofood, the group’s food subsidiary, recorded $7 billion in revenue last year, solidifying its position as one of the world’s largest instant noodle producers. Apart from its foray into the food industry, the Salim Group has also made substantial investments in the mining sector, acquiring valuable stakes in prominent companies like Bumi Resources, Medco Energy, and Amman Mineral in recent years.
The expansive tourism estate project in Banten signifies a significant milestone for PIK 2 and its stakeholders, as it aims to create opportunities for employment and economic development in the region. The inclusion of diverse amenities like a safari area, golf course, hotels, and an international motor racing circuit reflects a commitment to offering a wide range of experiences for visitors and residents alike. Additionally, the project’s strategic location, connected to major transportation networks, will enhance accessibility and further increase its potential to attract a large number of tourists annually.
The investment of 40 trillion rupiah in the tourism estate underscores the long-term vision and commitment of PIK 2 towards sustainable development and economic growth. By aligning with the government’s strategic projects agenda, the company aims to play a pivotal role in driving tourism and boosting the overall economy of Indonesia. The collaboration between the Salim Group and Agung Sedayu through MAP illustrates a synergistic partnership that leverages the strengths and expertise of both entities. As the project progresses towards completion by 2060, it is poised to emerge as a premier destination for tourism and a significant contributor to the economic landscape in Banten and Indonesia as a whole.
In conclusion, the ambitious tourism estate project in Banten spearheaded by PIK 2 highlights a transformative initiative that is set to redefine the tourism landscape in the region. With a robust investment plan and comprehensive development strategy, the project is well-positioned to drive economic growth, create job opportunities, and attract a substantial number of tourists annually. The leadership of Anthoni Salim and Sugianto Kusuma, along with the backing of the Salim Group and Agung Sedayu, underscores a strong commitment to innovation, sustainability, and growth. As the project unfolds over the coming years, it is expected to make a significant impact on the local economy and establish itself as a premier tourism destination in Indonesia.
