BALI, ULTIMOPARADISO.COM – 17 December 2024 -Kura Kura Bali is proud to be among the top eight Special Economic Zones (SEZs) in Indonesia that have successfully achieved 75% of their 2024 investment target. This achievement was announced by SEZs National Council which reflects the growing trust of global investors in Kura Kura Bali’s vision of sustainable, mindful, and
impactful development.
This milestone reflects more than just numbers- it symbolizes the growing momentum of Kura Kura Bali’s transformation into a destination that preserves Bali’s cultural heritage while actively progressing them into the future. Through innovation and mindful planning, the project is setting new standards for development that align with modern needs while
honouring Bali’s rich traditions.
“The achievements we have realized, reaffirms Kura Kura Bali’s ability to deliver results and remain committed to progress. Our vision for the future is centred on fostering a vibrant marina lifestyle, nurturing a community of knowledge seekers,
and enhancing the well-being of the community. These priorities guide our efforts to create a destination that is integrated and balances economic growth with cultural and environmental stewardship,” said Zakki Hakim, Head of Communications, PT Bali Turtle Island Development (BTID), Master Developer of Kura Kura Bali.
Kura Kura Bali continues to strengthen its position as a prime investment destination by adhering to principles of thoughtful and responsible development. On 14 December 2024, global investors formalized new partnerships with Kura Kura Bali SEZ by signing severalMemorandums of Understanding (MoUs).
Among these partnerships:
• Mitsubishi Estate Co. Ltd. (Japan): A strategic partner contributing expertise and networks to enhance developments across the island, including the marina, promenade, residences, and villas.
• Tsao Pao Chee Group (Singapore): A purpose-led 4th generation family business that serves the well-being of life and creates wealth at the same time, as a key partner to explore impact-focused investment opportunities in Mindfulness and Wellness that integrate seamlessly with Kura Kura Bali’s master plan and sustainability vision.
• Pegasus Capital (United States): A strategic partner developing a five-star sustainable hotel that combines luxury with environmental responsibility, designed to set a benchmark for eco-friendly hospitality.
Additionally, Kura Kura Bali is in advanced discussions with other investors on initiatives promoting sustainable practices, such as resource-efficient designs and environmentally conscious development. These partnerships highlight the project’s ability to attract global interest from investors in Singapore, Japan, the US, and beyond, reinforcing its commitment
to cultural integrity and environmental stewardship.
Progress is already visible across several flagship projects, including:
• Grand Outlet Bali (GOB): A joint venture with Mitsubishi Estate to deliver a premier retail destination.
• ACS Bali: An intercultural school fostering education excellence.
• Hotel: A 4-storey hotel with at least 140 rooms, and is planned to be start its operation by Q4 2026 or early 2027, synergizing with the GOB’s facilities and amenities. ***
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