Mitsubishi Estate Group and Grand Outlet Bali Investama (GOBI), a subsidiary of PT Bali Turtle Island Development (BTID), have signed a collaboration agreement to develop The Grand Outlet Bali, a shopping center in the Bali Turtle Economic Special Zone (KEK Kura Kura Bali). The agreement, signed on December 15, 2023, outlines plans for a world-class shopping destination designed to cater to diverse communities, with a total investment of approximately $100 million or IDR 1.5 trillion.
Inspired by the concept of Desa Bhinneka, translating to a village for diverse communities, The Grand Outlet Bali aims to offer an international shopping experience, featuring luxury brands across various product categories such as clothing, bags, luggage, accessories, and more. Spanning 4.7 hectares of land, the shopping complex will provide a picturesque setting with recreational spots and beachside walkways for both domestic and international visitors, appealing to fashion enthusiasts, culinary connoisseurs, and families alike.
This collaboration follows the success of The Grand Outlet East Jakarta in Karawang, marking Mitsubishi Estate’s continued partnership with BTID in Bali. Koji Segawa, Managing Director of Mitsubishi Estate Asia Pte. Ltd., highlighted that The Grand Outlet Bali will add significant value to KEK Kura Kura Bali by offering an exclusive shopping experience. KEK Kura Kura Bali itself is a comprehensive development zone aimed at promoting economic growth and investment in Bali, Indonesia.
Investors starting businesses in this area enjoy both fiscal and non-fiscal incentives, with KEK Kura Kura Bali set to develop internationally acclaimed tourism activities, including a marina, hotels and resorts, top-tier educational institutions, a healthy lifestyle center, and more. Segawa explained, “This includes marinas, hotels and resorts, educational institutions with top-notch facilities, healthy lifestyle centers, and other activities to generate economic growth while preserving the existing mangrove forest within the area.”
Tuti Hadiputranto, President Director of PT Bali Turtle Island Development, expressed enthusiasm for The Grand Outlet Bali, anticipating a fresh wave of energy for KEK Kura Kura Bali. Hadiputranto envisions visitors enjoying Bali’s beautiful culture and landscape while indulging in upscale shopping at this modern destination. She emphasized the meticulous curation of potential investors to ensure KEK Kura Kura Bali becomes a high-quality tourist destination in Bali.
It’s noteworthy that the National Council for Special Economic Zones in Indonesia has designated Kura Kura Bali as a KEK with the goal of enhancing economic development and the quality of life for the people of Bali, alongside elevating Bali’s tourism quality as an international destination.
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