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US$21 billion Jakarta project to include hotels

Profile Photo By: Carsten Hennig
May 4, 2017

US$21 billion Jakarta project to include hotels

Jakarta, Indonesia – 4 May 2017 –
Indonesian conglomerate Lippo Group plans to build a US$21 billion centre near Jakarta targeting the automotive and electronic industries, and will include five-star hotels, shopping malls and universities.

Billed as the “Shenzhen of Indonesia”, the Meikarta project is Lippo’s largest to date and will include partnerships with Japan’s Mitsubishi Group, Toyota and Sanko Soflan. Shenzhen is one of China’s wealthiest and largest manufacturing hubs, Reuters reported.

“Meikarta and its surrounding area has a real potential to be the most important city in Indonesia,” the company said in a statement, referring to … Read More

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