Attracting Foreign Funds, Government Prepares Financial Centre in Bali

The Indonesian government is considering Bali as the location for the development of an international financial centre or Indonesia’s international financial centre. This was stated by Coordinating Minister for the Economy Airlangga Hartarto on Monday (27/4/2026), when met at his office in Jakarta. “Yes, of course we see there is an opportunity for a financial centre, and we are also preparing for it. With the geopolitical changes, Bali becomes attractive,” said Airlangga. For the construction process, Airlangga said the government is currently preparing the regulations first. Later, the manager of the Global Financial Centre in Indonesia, according to Airlangga, will come from non-governmental institutions, although there is an option for it to be managed by BPI Danantara. “How far the regulations can accommodate what is requested for the establishment of a financial centre or family office. The financial centre is entirely managed by, in quotes, non-government, but if Danantara manages it, that’s fine too,” said Airlangga. Previously, Finance Minister Purbaya Yudhi Sadewa also admitted to having agreed with the National Economic Council (DEN) under the leadership of Luhut Binsar Pandjaitan regarding the establishment of an International Financial Centre in Indonesia. However, Purbaya said that this international financial centre will be established in Indonesia not in the form of a Family Office as has been circulating so far, but in the form of a Special Economic Zone (SEZ) for the Financial Services sector. “Actually, it’s not a family office, it will be a special economic zone for the financial sector,” said Purbaya at the BPPK Building, Jakarta, on Friday (24/4/2026). Purbaya said there is already a reference for building a Financial Services SEZ that is most suitable for Indonesia, namely the one already built in Dubai. Therefore, he believes the project to build a Financial Services SEZ can be realised quickly. “The one that fits for me is the Dubai model, like that. We will pursue it in the near future,” said Purbaya. According to Purbaya, President Prabowo Subianto has also agreed to build the Financial Services SEZ. He said the construction of the project will be led by Coordinating Minister for the Economy Airlangga Hartarto. “The President has given instructions and guidance. So, Mr Coordinating Minister for the Economy will lead his team, and we will assist from there,” he explained.