Funpolis Park comes to RI

SURABAYA, East Java: PT Pakuwon Jati, a publicly-listed developer, has through its subsidiary PT Pakuwon Sentrawisata set up a cooperation with two Singaporean investors to build Indonesia's first Funpolis Park.

The Singaporean investors are Funpolis Asia Pte. Ltd. and Beaver Investment Pte. Ltd. The 3,000-square meter park, to be built near Tunjungan Plaza, is expected to start operation in November.

Funpolis Park in Indonesia will be the fifth Funpolis amusement park to be built; the other four are all in Asia.

Maliki Tedja, president of Pakuwon Jati, said here on Sunday that total investment in the project will be US$4 million. PT Pakuwon Funpolis Indonesia will own and operate the park, of which 30 percent of the shares will be owned by Pakuwon Sentrawisata, 61 percent by Funpolis Asia, and the remaining 9 percent by Beaver Investment.

"This park will be the most sophisticated here yet. Its equipment will be imported from Europe and the United States, and it will accommodate up to 600 visitors at a time," Maliki said after signing cooperation documents. (15)