Sugianto Kusuma, a prominent figure in Indonesia known as Aguan, has big plans for a massive real estate project in North Jakarta. The project, Pantai Indah Kapuk Dua (PIK 2), is valued at around $16 billion and aims to transform the area into a bustling hub of activity. Kusuma envisions not only a thriving port and a theme park but also the possibility of hosting a Formula One race in the future.
The development of PIK 2 is a joint venture between Kusuma’s company and Anthoni Salim, another Indonesian billionaire. The project aims to boost tourism in Jakarta by offering a range of amenities, including gated neighborhoods, restaurants, golf courses, a central business district, a convention center, and a five-star hotel. Kusuma also hopes to build a race track on the property to attract international racing events, similar to the Formula One races in Singapore.
While Kusuma’s ambitions are grand, he faces tough competition from other cities in the region, such as Thailand, which are also vying for a spot on the Formula One calendar. However, Kusuma remains focused on enhancing Jakarta’s appeal to foreign tourists, who often bypass the city in favor of destinations like Bali. He believes that PIK 2 will offer tourists a unique experience that combines relaxation, cultural immersion, and sightseeing opportunities.
Kusuma acknowledges that the project will require significant investment over time, but he is confident in its long-term potential. The initial phase of PIK 2 has already seen strong sales and stock performance, indicating a positive reception from the market. Kusuma emphasizes that the project is not just about his legacy but about creating a foundation for future generations to build upon.
As Kusuma’s vision for PIK 2 takes shape, it will be interesting to see how the project evolves and whether it can successfully position Jakarta as a competitive destination for tourists and international events. With the support of strategic partnerships and a clear focus on sustainability and growth, Kusuma’s ambitious plans may well pave the way for a new era of development in North Jakarta.