RealEstat.id (Jakarta) – Magnum Estate was invited to present at the grand opening ceremony of the new special economic zone PT Kawasan Industri Terpadu Batang (KITB).
The event took place on July 26, 2024, under the leadership of the President of the Republic of Indonesia, Joko Widodo.
Magnum Estate unveiled its plans and projects to enter the industrial real estate market as part of its support for the development of the Indonesian economy.
Magnum Estate, an Indonesian developer, contributes to Indonesia's development by representing the country at international exhibitions, world economic forums, and summits.
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Through its participation in such events, it fosters the development of business connections, attracts investments, tourists, and new residents to the country.
The day before, at the invitation of Surio Tutuko, Executive Representative of KIT Batang, the management of Magnum Estate visited the new economic zone for a business meeting, company presentation, and to familiarize themselves with the facilities and infrastructure.
During the visit to KITB, the leadership of Magnum Estate discussed its premium real estate projects in Bali and emphasized the company's readiness to implement equally ambitious projects throughout Indonesia, supporting the country's development.
PT Kawasan Industri Terpadu Batang (Grand Batang City) is the largest industrial zone developed by the government of Indonesia as part of its strategy to position the country among the top 5 global economies by 2045.
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Spanning 4,300 hectares in Batang, KITB offers the most competitive conditions for industrial enterprises in the Southeast Asia region.
The zone has already attracted 18 companies from 8 countries, with investments totaling IDR14.8 trillion.
Andrejs Sencovs, Co partner of Magnum Estate - Bali explained, the leadership of Magnum Estate sees tremendous opportunities arising from the launch of the new industrial zone and views it as a powerful driver of further economic growth for Indonesia.
"The company will continue to represent the country on the international stage and contribute to the realization of the 'Golden Indonesia 2045' vision," he added.
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Magnum Estate is a leading developer of premium resort real estate for both living and investment purposes in Bali.
The company's portfolio features unique complexes of villas and apartments unparalleled in terms of amenities, service, and infrastructure, including Magnum Resort Berawa, Magnum Resort Sanur, The Umalas Signature, Sky Stars Ocean View, Magnum Resort Seminyak, and others.
"The company actively promotes Indonesia's investment potential on the global market and contributes to the achievement of national long-term development plans," said Andrejs Sencovs.
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