Indonesian businessman plans $16B project near Jakarta airport, transforming slum into tourist hub.

Indonesian businessman Sugianto Kusuma plans a $16 billion real estate project near Jakarta's airport, aiming to transform a former slum into a tourist hub. The project by PT Pantai Indah Kapuk Dua includes a port, theme park, and potential Formula 1 track. Kusuma is in talks with partners from China and Singapore to expand the site, which will also feature a large convention center and a five-star hotel. The project seeks to boost tourism in Jakarta despite economic challenges.

November 29, 2024
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