Friday, April 19, 2024

PIK, BSD named ‘National Strategic Projects’, valued at Rp83.54 Trillion

Reading Time: < 1 minute
Audina Nur




The Indonesian government has identified the ambitious development projects of Pantai Indah Kapuk (PIK) and Bumi Serpong Damai (BSD) as national strategic projects (PSN), signaling a significant milestone in the nation’s infrastructure development agenda.

With a staggering combined investment value estimated at Rp83.54 trillion (US$5.3 billion), these transformative initiatives are poised to catalyze economic growth, foster job creation, and enhance regional connectivity on an unprecedented scale.

The groundbreaking of PIK project, slated to be developed in collaboration with conglomerate Sugianto Kusuma or Aguan, encompasses the establishment of a sprawling green area and eco-city within the verdant landscapes of Banten Province. This visionary endeavor, with an estimated investment outlay of Rp 65 trillion, holds immense potential to address pressing environmental challenges while concurrently stimulating economic development and job creation.

Moreover, the strategic integration of PIK with key infrastructure projects such as the Kamal-Teluknaga-Rajeg Toll Road further underscores its pivotal role in bolstering regional connectivity and accessibility.

Meanwhile, the BSD development project, spearheaded by Agung Sedayu Group, has garnered widespread acclaim for its innovative approach to urban planning and sustainable development.

With an investment value totaling Rp 18.54 trillion, this transformative initiative is poised to transform BSD into a dynamic hub of biomedical innovation and digital entrepreneurship, thereby propelling Indonesia to the forefront of the global innovation landscape.

Audina Nur






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
No topics
Schedule a free consultation with us:

We’ll contact you for confirmation.


Minister of State-Owned Enterprises (SOEs) Erick Thohir has warned the Indonesian SOEs to anticipate the impact of global economic and geopolitical turmoil, citing the US inflation at 3.5 percent as indicator that the Fed would not lower the benchmark interest rate (Fed Fund Rate) in the near future.
President Joko “Jokowi” Widodo has approved the additional state capital injection (PMN) to PT Wijaya Karya (WIKA) amounting to Rp6 trillion (US$419 million).
PT Freeport Indonesia (PTFI) has deposited around Rp3.35 trillion (about US$207 million), or about sevent percent out of its 2023 profit of Rp48.79 trillion, to the regional administrations in Papua.
The Coordinating Ministry for the Economy held a coordination meeting with all Deputy Ministerial elements along with the Ministry of Foreign Affairs and several Ambassadors on Monday, April 15, 2024 in response to developments in the Middle East conflict following Iran’s retaliatory offensive against Israel. 
The textile and textile product (TPT) industry asks all stakeholders to comply with import restriction policies as regulated in Minister of Trade Regulations No. 36/2023 and No. 3/2024 on Import policy and control. 
The government has spoken out regarding Indonesia’s stance on Iran’s recent attack on Israel, asking the United Nations Security Council (UNSC) to take swift action to de-escalate tensions in the region.