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  Jakarta - The Vibrant City of Crazy Traffic




 Jakarta - Business Information

Business Facts

GDP per Capita: $3,800
Major Exports: Textile, Apparel, Fuels, Electrical Appliances, Pulp, Paper & Plywood
Major Foreign Exchange Counters: American Express & Standard Chartered
Key Industries: Oil, Gas, Mining, Fuel Processing, Coffee, Textiles, Apparel, Chemical Fertilizers, Plywood, Rubber, Wood & Food
Major Industrial Areas: Cilandak, Pulogadung, Jababeka & Cakung-Cilincing
Major Business Hubs: Jakarta Stock Exchange, Bidakara Convention Centre, Jakarta International Exhibition Center, Balai Sidang Jakarta Convention Center, Kartika Expo Center, Jakarta World Trade Center, Semanggi Flyover, Jenderal Sudirman & MH Thamrin Streets, Jenderal Gatot Subroto, Letjen S. Parman Streets & Kuningan Complex

Business Overview
Indonesia is a nation with large market but is still struggling the aftermath of Asian financial crisis. Jakarta, being its capital city, forms the main part of Indonesian economy. Being the commercial hub of the country the city attracts thousand of immigrants every year making it the most populated city of Indonesia and thus increasing the infrastructural pressures.

One of the fastest growing economies in Asia, Jakarta is recognized as a Market-based economy where the government plays a significant role. Though the city still grapples with fragile banking sector, endemic corruption, inadequate infrastructure and poor investment climate, but on the contrary is rapidly becoming more strategic place for modern industries and financial services.

The main area of economic activity in Jakarta is currently natural resource mining as Indonesia is rich in natural resources particularly oil, gas, coal and gold. However, many of these still remains under-exploited, but the global demand for oil and increasing commodity prices has led to considerable increase in the acquisition and redevelopment of these fields and mines.

Jakarta is also a major trade and commerce center of the country as it organizes and hosts many international expos and conventions. Therefore, along with rapid national economic growth, the city possesses much of the international standard business centers like Jakarta International Exhibition Center, Kemayoran Balai Sidang Convention Center along with World Trade Center and most of the hotels serving as important event venues.

In the financial sector of the city, Insurance companies play a crucial role. Some state-owned insurance companies are established since the period of Dutch administration like PT. Asuransi Jiwa Bersama Bumiputera. On the other hand are the private insurance companies which belong to the groups of private bank owners. Though, the city is still not fully open to foreign businesses however, many foreign insurance companies are also running their business successfully in Indonesia but that too under joint venture schemes with the existing national banks or insurance companies.

Today the Government and private sector of the city are focusing on creating jobs by improving the business and investment climate, combating corruption, increasing competitiveness in key sectors and improving the safety of the financial system largely through foreign assistance.

Major Business Centers
Bidakara Complex:
Located in a strategic area near Jabotabek highway, Bidakara Complex is designed as a mixture of classic architecture and post-modern style with advanced facilities and environment-friendly layout.

The complex includes: -
Bidarka or Bina Karna Convention Center:
The largest convention center of Jakarta known for its four main entry accesses for the public and can accommodate 1,000 people at a time.

Bumikarsa Hotel:
Bumikarsa Hotel is a three-star plus international standard hotel suitable for business, convention, training and accommodation. It offers 10 floors with 117 Superior rooms, 13 deluxe rooms, 22 Junior Suites & 2 other luxurious Suites.

Bina Sentra Training Center equipped with the latest technology.

Bidakara Office Tower with 24 floors in a total area of 28,800 m2.

Birawa Assembly Hall provided with advanced acoustic system.

Balai Sidang Jakarta Convention Center:
Another leading and prestigious Convention Hall in Jakarta, Balai Sidang holds many government and private exhibitions.

Located in the heart of Jakarta’s financial district right across the World Trade Center, the center contains two exhibition halls of over 11,000 m2 of space.

Further the venue has 17 flexible meeting rooms, 5,350 m2 Plenary Hall, 3,921 m2 Assembly Hall, 2,109 m2 Cendrawasih Room and 886 m2 Merak Room.

Situated just 30 minutes away from the international airport, the Balai Sidang Convention Center has till now hosted numerous events from world summit conferences, exhibitions, seminars, workshops, boardroom meetings, product launchings, luncheons, gala dinners to pop and fashion shows.

Jakarta Stock Exchange (JSX) or Bursa Efek Jakarta (BEJ):
Originally opened in 1912 under the Dutch colonial government, the exchange was privatized under the ownership of Jakarta Exchange Inc. on July 1992.

The two of the primary stock market indices used to measure and report value changes are the JSX Composite and the Jakarta Islamic Index (JII). The JII act as a benchmark in measuring market activities based on Sharia (Islamic law) and currently there are approximately 30 corporate stocks listed on the JII.

The Trading activities and market capitalization of the country grows alongside the development of financial markets and private sector.

Major Commercial Areas
Jl. M.H. Thamrin Street:
Situated in the center of the city's thriving business district, the street is dotted with number of high standard hotels and accommodations. This is due to the fact that the street a thriving commercial activities with number of offices, restaurants and even embassies of countries like UK, Japan & Germany.

The street also houses the APEC Center for Technology Foresight some of the important business centers.

Kuningan Complex:
In the heart of Golden Business Triangle of Jakarta lies a world-class designed commercial district i.e. the Mega Kuningan Complex.

The Complex is home to major embassies, international companies and some of the famous hotels.

Just 20 km away from the international airport, the complex is easily accessible from all directions within Jakarta. Further the two main expressways of Jalan Jendral Sudirman and Jalan Gatot Subroto connects the district well with the rest of the city.

Major Manufacturing Zones
Jakarta Industrial Estate Pulogadung:
Developed and managed by PT (Persero) Jakarta Industrial Estate Pulogadung (PT JIEP) [a State Owned Enterprise] with total area of approximately 5 km2.

The estate is the first in Indonesia providing major products and services with Standard Factory Building (SFB), Small-Scale Industry Facilities (SSIF) including warehouse and office space facilities.

Location: JL. Pulokambing No. 1

Jababeka:
Located on the outskirts of Jakarta in the Bekasi area, Jababeka today has grown into a fully integrated 2,970 hectares community with industrial, commercial and residential elements.

The major components of the site are the Jababeka Industrial Estate (JIE), the Cikarang Baru Kota Hijau residential community and a high technology park. Further the Bandung Institute of Technology (ITB) and University of Indonesia has also opened branches in Jababeka.

The most notable of Jababeka's developments is Kota Jababeka, a 3,000 hectares industrial sector. This sector is home to more than 1,235 multinational and local corporations from 23 countries (including USA, UK & Japan) and various industries, such as Samsung Electronics, United Tractors and Nissin Mas.

Location: Bekasi


Jakarta




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