Real Estate
Indonesian Tycoon Eyes Theme Park, F1 in $16 Billion Project
- Sugianto Kusuma aims to turn former slum into tourism hub
- Company in talks to build port, logistics infrastructure
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A port, a theme park and maybe even a Formula 1 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.
Sugianto Kusuma, president director and owner of PT Pantai Indah Kapuk Dua, is in talks with partners from China and Singapore to build a port but declined to reveal more details. His company may need in excess of 5 trillion rupiah ($314 million) in capital expenditure next year to fulfill its expansion plans, he said.