Jakarta province owned developer and recreation operator PT Pembangunan Jaya Ancol will spend Rp 520 billion (US$55 million) in investment next year, to be partly financed by a planned bond issue, president director Budi Karya Sumadi said Tuesday.
Among the revenue-boosting programs he will be putting in place will be additional games to be installed in its amusement park in North Jakarta, and several amusement shows to be performed overseas in Vietnam, China and Thailand.
"The overseas show is part of our plan to boost revenue next year. We also have several other programs in the city amusement park," Budi Karya said.
The company plans to sell Rp 200 billion of bonds early next year to help finance its expansion plan, he said.
Pembangunan Jaya Ancol manages an amusement park named Dreamland Jaya Ancol, which has three theme parks in its main complex: the Dunia Fantasi (Dufan) amusement park, the Gelanggang Samudera oceanarium and the Atlantis Water Adventure water park.
Budi said that the company would add more segments to the Dunia Fantasi park next year.
"The new segments will include Free Fall which will be enjoyed by visitors starting in May next year. We have bought this new attraction from Germany," he said.
The company is also planning to upgrade some current attractions such as Balada Kera, Atlantis Water Adventure and its art market.
"For Balada Kera, we will change the concept and include traditional values, to strengthen children's sense of nationalism," said Budi.
Pembangunan Jaya Ancol, which operates in real estate, trading and services, revealed Tuesday that it netted more revenue on recreation rather other businesses.
Until September, the company booked Rp 508.7 billion in sales revenue, of which Rp 417.7 billion was contributed by tourism. The tourism revenue rose by 15 percent compared to Rp 359.8 billion in the same period of last year.
Meanwhile real estate, along with trading and services contributed Rp 51.3 billion and Rp 44.6 billion respectively.