Coordinating Minister Airlangga: Government Finalising Regulations for Financial Sector SEZ

Denpasar (ANTARA) - Coordinating Minister for the Economy Airlangga Hartarto revealed that the government is finalising regulations related to the Special Economic Zone (SEZ) in the financial sector, which is planned to be implemented at the Kura Kura SEZ, Denpasar, Bali.

During a break from inspecting the Kura Kura SEZ in Serangan Village, Denpasar City, Bali, on Friday, the Coordinating Minister explained that the plan to realise this special financial centre was specifically discussed by Danantara.

“So, what can the Kura Kura Bali (SEZ) offer as a location for the IFC (International Financial Centre)? It will be discussed directly with Danantara,” said Coordinating Minister Airlangga Hartarto, as per his written statement received in Denpasar.

He explained that the regulation would serve as the foundation for establishing the financial sector SEZ, designed to accommodate various needs for setting up the financial centre, from management schemes to facilities that can attract global investors.

Amid changes in the global geopolitical landscape, Bali is increasingly relevant as a destination for international capital seeking stability and legal certainty.

During his visit, the Coordinating Minister for the Economy, who is also the Chairman of the National SEZ Council, directly inspected the readiness of the Kura Kura Bali SEZ as one of the potential zones for the special financial centre location.

Together with the Minister of Investment/Head of the Investment Coordinating Board (BKPM) who is also the Chief Executive Officer of the Investment Management Agency (CEO BPI) Danantara Rosan Roeslani, and the Chief Operating Officer (COO) of BPI Danantara Dony Oskaria, the Coordinating Minister for the Economy reviewed the investment realisation in the zone.