PT MNC Land and PT Bumi Indah Prima have agreed on a Rp5.5 trillion land transaction for MNC Bali Resort to facilitate a Transit-Oriented Development project, enhancing Bali's transportation infrastructure.

Information on the Target

PT MNC Land Tbk (IDX: KPIG), a prominent player in the real estate sector, has successfully entered an agreement with PT Bumi Indah Prima (PT BIP) for the acquisition of land assets at the renowned MNC Bali Resort. This transaction, valued at approximately Rp5.5 trillion, focuses on a strategic piece of real estate located in Tanah Lot, Tabanan, Bali. The land is intended for development under the Transit-Oriented Development (TOD) framework, which aligns with the larger Bali Urban Rail and Associated Development Project.

The land's development is part of a broader initiative aimed at enhancing transportation infrastructure in Bali, thus reinforcing MNC Land's commitment to promote sustainable urban growth in the region. The completion of this transaction is anticipated in January 2025, marking a significant milestone for both the company and the island's infrastructure aspirations.

Industry Overview in Bali

Bali has long been recognized as a premier international tourism destination, attracting millions of visitors each year. The island’s economy is heavily dependent on tourism, which has spurred the necessity for improved infrast