INDONESIA PRESS-Jababeka to develop $1 bln project - reports

Wed May 21, 2014 9:53pm EDT

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PT Grahabuana Cikarang, a unit of industrial estate developer PT Kawasan Industri Jababeka, plans to develop a mixed-use property project on 16 hectares of land in Cikarang, West Java, with a total investment of around $1 billion over 8 years, said Director Suteja Sidarta.

First phase of construction will start by the end of this year and is expected to be completed within the next four years. (Kontan, Investor Daily, Bisnis Indonesia)

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom)

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