{
    "success": true,
    "data": {
        "id": 1713393,
        "msgid": "government-finalising-regulations-for-implementation-of-bali-turtle-as-financial-special-economic-zone-1777679478",
        "date": "2026-05-02 02:19:54",
        "title": "Government Finalising Regulations for Implementation of Bali Turtle as Financial Special Economic Zone",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesian government is advancing regulations to establish a Special Economic Zone (SEZ) focused on finance in the Kura Kura Bali area in Denpasar, aiming to create an International Financial Centre similar to Dubai's DIFC to attract global investment. Coordinating Minister for the Economy Airlangga Hartarto, along with key investment officials, inspected the site's readiness, highlighting projects like a luxury shopping centre in partnership with Japan's Mitsubishi Estate, set to open in mid-2026. The Knowledge District within Kura Kura Bali is positioned as the ideal location, offering an integrated ecosystem with business linkages, education, and innovation hubs to drive economic growth.",
        "content": "<p>The government is finalising regulations related to the Special\nEconomic Zone (SEZ) in the financial sector, which is planned to be\nimplemented in the Kura Kura SEZ, Denpasar, Bali. This was stated by\nCoordinating Minister for the Economy Airlangga Hartarto on Friday\n(1\/5). Quoted from the Antara News Agency, Coordinating Minister\nAirlangga explained that the plan to realise this special financial\ncentre was specifically discussed by Danantara. \u201cSo what can the Bali\nKura Kura (SEZ) offer for the IFC (International Financial Centre)\nlocation? It will then be discussed directly with Danantara,\u201d said\nCoordinating Minister Airlangga Hartarto. He explained that the\nregulation will serve as the foundation for establishing the financial\nsector SEZ, designed to accommodate various needs for setting up a\nfinancial centre, from management schemes to facilities that can attract\nglobal investors. In the future, this special financial centre will\nresemble the facilities in the Dubai International Financial Centre\n(DIFC), with the aim of attracting investment flows to Indonesia. Amid\nchanges in the global geopolitical landscape, Bali is now increasingly\nrelevant as a destination for international capital seeking stability\nand legal certainty. During his visit, the Coordinating Minister for the\nEconomy, who is also the Chairman of the National SEZ Council, directly\ninspected the readiness of the Bali Kura Kura SEZ as one of the\npotential zones for the location of this special financial centre.\nTogether with the Minister of Investment\/Head of the Investment\nCoordinating Board (BKPM) who is also the Chief Executive Officer of the\nInvestment Management Agency (CEO BPI) Danantara Rosan Roeslani, and the\nChief Operating Officer (COO) BPI Danantara Dony Oskaria, the\nCoordinating Minister for the Economy reviewed the investment\nrealisation in the area. Such as the luxury shopping centre project\nresulting from the cooperation between the Kura Kura SEZ developers and\ninvestors from Japan, Mitsubishi Estate, as one of the flagship projects\nin the Kura Kura SEZ, which is planned to open in mid-2026. Meanwhile,\nthe Business Entity for Management and Development (BUPP) of the Bali\nKura Kura SEZ explained that the appropriate location for the Financial\nSector SEZ is in the Knowledge District area. President Director of PT\nBali Turtle Island Development (BTID) Tuti Hadiputranto stated that the\narea is designed to support an integrated innovation ecosystem by\nconverting knowledge capital, education, and human resources into a new\nengine of economic growth in Bali. The Bali Kura Kura SEZ provides a\nsupporting ecosystem for the operations of an international financial\ncentre through the presence of business connectors for the Global\nBlended Finance Alliance (GBFA) programme, business schools, and\ninvestment pathways in Indonesia. The area will also be enriched with a\nCentre for Entrepreneurship and Innovation, which serves as an\neducational hub like the ACS Bali intercultural school, as well as the\ndevelopment of coastal environmental research at the International\nMangrove Research Centre (IMRC). \u201cWe have prepared the necessary\nphysical infrastructure, institutions, and global partnerships to make\nKura Kura Bali the home of Indonesia\u2019s Financial Sector SEZ,\u201d she added.\nShe further stated that the Bali Kura Kura SEZ is not just an investment\nzone, but a living ecosystem that is already operational and serves as a\nstrategic partner to the government.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/government-finalising-regulations-for-implementation-of-bali-turtle-as-financial-special-economic-zone-1777679478",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}