INDUSTRY.co.id - The name of this one company came out after successfully making an area in Cikarang which initially economically very low value, become a new economic center, then become part of the national economy. PT Jababeka Tbk, a company founded in 1989, has indeed made Jababeka City in Cikarang, a new city and an independent city, which succeeded in becoming a new economic center for employment.
Since its establishment in 1989, PT Jababeka Tbk has continued to build its reputation as a leading and trusted industry developer. Today, Jababeka succeeded in becoming the largest industrial developer in Southeast Asia, with Jababeka City in Cikarang, West Java covering 5,600 ha, and has become a fully integrated township. Brand Jababeka is now a guarantee for investors to invest.
Kota Jababeka, in addition to being an independent industrial area, is also supported by a representative residential area for both workers to the executive. The region has now filled about 1,650 tenant national and multinational companies from 30 countries, and employs over 700,000 workers and 4,300 expatriates.
A number of large manufacturers have opened their operations in the new city of Jababeka in Cikarang, such as Loreal, ICI Paints, Mattel, Samsung, Unilever, United Tractors, Akzo Nobel and Nissin Mas.
Not only developing directly industrial-related projects such as power generation and water and waste management, Jababeka has also developed a number of supporting facilities such as leisure, hospitals, and educational centers such as President University.
Presented by Chairman and Founder Jababeka Darmono Elementary School, the partnership became Key Factor for the successful development of a city. Because the development of the region is a very difficult thing because it is long-term, full of risk and capital intensive.
28 years ago, Jababeka business form is a business Gotong Royong or Arisan started from 21 shareholders and until now still so especially as a public company, its shareholders tens of thousands of people, he told INDUSTRY.co.id in Jakarta some time ago.
With this capital experience, Jababeka is now pursuing a much wider and bigger vision of wanting to develop 100 new self-sufficient cities across Indonesia, which is expected to create 100 million new jobs.
Efforts to pursue the vision have been seen at least from the presence of Jababeka in a number of areas outside Cikarang, which in the future is projected to become a new city with their own characteristics.
A number of areas that have been developed by Jababeka and are expected to become the next new city, can be called first is Tanjung Lesung in Pandeglang, Banten. The area which in the past two years was inaugurated by President Joko Widodo as a Special Economic Zone in accordance with PP number 26 of 2012. Tourism Minister Arief Yahya has also officially established KEK Tanjung Lesung as one of 10 National Strategic Tourism Area (KSPN).
KEK Tanjung Lesung, located 170 kilometers from Jakarta, has natural beauty, diversity of flora fauna as well as its exotic culture, and is called a paradise on the west coast of Java Island. PT Banten West Java as a subsidiary of Jababeka Group introduced KEK Tanjung Lesung with a new vision of "Seaside Township".
Next, Jababeka also wishes to repeat its success in Cikarang, and the Industrial Area of Kendal was developed to accommodate industry players around Central Java. In Kendal, the company is working with Sembcorp Development Ltd of Singapore to develop the Kendal Industrial Area, covering an area of 2,700 ha, which is designed to be an industrial estate covering industrial and residential and commercial areas. Presented by President Director of PT Jababeka Tbk Budianto Liman, for the first phase of cooperation with Sembawang Corp., it will manage an area of 860 ha.
Given the potential of Kendal Industrial Zone as a driver of regional economic development, the President was pleased to inaugurate the opening of this area on 14 November 2016, together with Singapore Prime Minister Lee Hsien Loong. So far there are 20 investors who invest in KIKendal with a total investment value of Rp4, 3 trillion and will absorb the workforce of 4,000 people. One of them is PT Tat Wai Industries from Singapore which has been operating in KIK since August 2016.
Outside of Kendal and Tanjung Lesung, the company has also moved to Morotai. In Morotai, the company has built hotels, homestays, and housing.
On one occasion, Darmono Elementary School once expressed the need for investment for various infrastructure projects in Morotai for approximately US $ 4 billion. That figure cannot be met only by the government budget, and Jababeka alone. Therefore, the company invites Taiwanese businessmen and investors to invest in Indonesia, especially Morotai.
Meanwhile, Budianto Liman revealed that from this Morotai development, it is expected that this area could later serve as a hub for eastern Indonesia. So that goods that enter the East that came from Taiwan, China and the Philippines can be placed in Morotai without having to be brought first to the island of Java.
Speaking of financial performance, KIJA coded company on the floor of the bourse managed to record a substantial net profit growth during the first nine months of 2016. The achievement is supported by the strengthening of the exchange rate that makes the financial burden fell sharply, but the income actually slowed down. To work around this company began to develop its property business, such as preparing some new residential and commercial projects.
In addition, the company will also continue to encourage the sale of industrial land both in Cikarang and Kendal, Central Java so that revenue in 2017 can be much shinier. CEO of Jababeka Budianto Liman to INDUSTRY.co.id stated, it set a target of marketing sales in 2017 amounting to Rp 2 trillion, or an increase from the realization of 2016 which amounted to Rp 1.56 trillion. The 2016 sales figure also exceeded the 2016 budget of Rp 1.4 trillion. Meanwhile, revenue in 2017 is expected to grow by 20%, while the bottom line cannot be delivered given the exchange rate difference that can affect it, said Budianto.
The Company has also allocated a budget for the acquisition of 2017 land worth Rp 600 billion, divided into Cikarang and Kendal. Target area depends on the acquisition price, he added.
Recently, the company also cooperated with PT PP Properti (PPRO) to build a commercial project in Jababeka city. The project will be built on an area of 4.6 hectares and will target the upper middle class market.
