Indonesian Political, Business & Finance News

Airlangga and Danantara CEO Visit Bali's Kura Kura Special Economic Zone

| | Source: CNBCINDONESIA.COM Translated from Indonesian | Investment
Airlangga and Danantara CEO Visit Bali's Kura Kura Special Economic Zone
Image: CNBCINDONESIA.COM

The government, through a joint ministerial effort, conducted a strategic visit to the Kura Kura Bali Special Economic Zone (SEZ) on Friday (1/5/2026). This visit was carried out to support the development of the Financial Sector SEZ. The visit was led by Coordinating Minister for the Economy and National SEZ Council Chairman Airlangga Hartarto, together with Investment Minister/Head of BKPM and BPI Danantara CEO Rosan Roeslani, as well as BPI Danantara COO Dony Oskaria. The visit took place at Sira Village - Grand Outlet Bali, one of the flagship projects of the Kura Kura Bali SEZ. This area is the result of a collaboration between PT Bali Turtle Island Development (BTID) and Mitsubishi Estate, scheduled for launch in the middle of this year. Coordinating Minister Airlangga Hartarto stated that this follows the directives of President Prabowo Subianto regarding the establishment of a Special Financial Centre in Bali, referring to the Dubai International Financial Centre (DIFC) model, with the aim of attracting investment flows to Indonesia. “So, what can Kura Kura Bali offer as a location for the IFC? This should be discussed directly with Danantara,” said Coordinating Minister Airlangga, quoted from an official statement on Friday (1/5/2026). He emphasised that the government is refining regulations as the foundation for establishing the Financial Sector SEZ, designed to accommodate various needs for setting up a financial centre, from management schemes to facilities that can attract global investors. In welcoming the visit, BTID, as the Business Entity for Management and Development of the Kura Kura Bali SEZ, outlined the advantages of the Knowledge District ecosystem as a suitable location for the Financial Sector SEZ. This is because the Knowledge District is expected to convert knowledge capital, education, and human resources into a new engine of economic growth. “We have prepared the necessary physical infrastructure, institutions, and global partnerships to make Kura Kura Bali the home of Indonesia’s Financial Sector SEZ,” said BTID President Director Tuti Hadiputranto. The Kura Kura Bali SEZ provides a supportive ecosystem for the operations of an international financial centre through the presence of a Business Hub designed as a meeting point for the Global Blended Finance Alliance (GBFA) programme, business schools, and leading investment pathways in Indonesia. The Knowledge District will also be enriched with a Centre for Entrepreneurship and Innovation, serving as a hub for quality education such as the intercultural school ACS Bali, as well as coastal environmental research development at the International Mangrove Research Centre (IMRC).

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