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MNC Looks to Develop Billion Dollar Resort in West Java

Bareksa03 Juli 2014
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MNC Looks to Develop Billion Dollar Resort in West Java
Newly built government housing estates are seen as part of the Kai Tak Development at the former Kai Tak International Airport area in Hong Kong. (REUTERS/Bobby Yip)

The mega project might cost the company around US$2 billion to $3 billion in long-term investment

Bareksa.com - Property developer PT MNC Land Tbk (KPIG), owned by tycoon Hary Tanoesoedibjo, is set to develop a resort with golf courses in Sukabumi, West Java.

As quoted from The Jakarta Post, the mega project might cost the company around US$2 billion to $3 billion in long-term investment, he told reporters on Tuesday evening. The company would use the investment to turn 2,000 hectares of land into four and five-star hotels, villas, a theme park and other supporting infrastructure for the leisure business in around 20 to 30 years.

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