Indonesian tycoon eyes theme park, F1 in $16bn project

Quick Summary:

A port, a theme park and maybe even a Formula One race — those are just some of the things that one of Indonesia’s richest men believes can be hosted at his ambitious real estate project in North Jakarta.

The expansion plans include the country’s largest convention centre, which is scheduled to be completed in September next year, and a global five-star hotel.

His company may need in excess of 5 trillion rupiah ($314 million) in capital expenditure next year to fulfill its expansion plans, he said.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndonesiaSingapore

Topics: Kusuma Expansion Kapuk Property Indah Formula Pantai Project Jakarta Race

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 09:13:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23935610

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