Reclamation Requires Rp 6 Trillion in Funding, Ancol Has Secured 16 Investors
PT Pembangunan Jaya Ancol Tbk (PJAA) has confirmed plans to soon realise the land reclamation project in the western area of Ancol, covering 65 hectares. Management stated that realising this plan requires funding of approximately Rp 6 trillion. Currently, dozens of foreign and local investors have shown interest in investing.
“In the near future, we have actually already publicised that we will carry out reclamation on the western side of about 65 hectares. We have obtained approval, and we are currently seeking partners for this reclamation,” said Chairman of PT Pembangunan Jaya Ancol Tbk, Irfan Setiaputra, during a press conference at the Annual General Meeting of Shareholders (AGMS) of PJAA in the Ancol area, North Jakarta, on Tuesday (14/4/2026).
Irfan assured that the partners engaged by PJAA will reach the best agreements for the reclamation development. He hopes that the facilities to be provided on the reclaimed land can attract public interest to further enliven Ancol.
President Director of PT Pembangunan Jaya Ancol Tbk, Syahmudrian Lubis, stated that the reclamation is an initiative that continues to progress. He mentioned developments in the plan to realise it, particularly regarding funding.
Initially, he continued, PJAA planned to use capital expenditure or capex to fund the reclamation, with costs of around Rp 2.5 trillion to Rp 3 trillion. However, this plan has changed, in line with the dynamics of interest from potential investors for business sharing.
“At first, we talked about using capex, but along the way, it turned out that many overseas investors said, ‘Instead of investing that much money, why don’t we share?’ Ancol sees this as a new opportunity for this reclamation development, so moving forward, we will conduct a beauty contest for investors who want to participate in the Ancol Beach reclamation,” explained Syahmudrian.
According to Syahmudrian, there are already many potential investors who will become PJAA’s partners to realise the Ancol Beach reclamation in the near future. The number reaches up to 16 investors, both from abroad and domestically. “Currently, there are 16, with foreign companies from Europe, China, Korea, as well as local ones. They all really want to participate.”
In the future, Ancol’s management will conduct a beauty contest among the potential investors, which will ultimately narrow it down to one selected investor. That chosen investor is the one that provides the most benefits to Ancol in the business-sharing scheme. “(The budget requirement) is around Rp 5 trillion to Rp 6 trillion,” said Syahmudrian.