Sinar Mas Land to spend Rp 7t on digital city project
The Jakarta Post
Property developer Sinar Mas Land will spend around Rp 7 trillion (US$524.89 million) to fund an integrated smart digital city, aiming to facilitate the establishment of start-ups in Bumi Serpong Damai (BSD), South Tangerang, Banten.
The digital hub is a new type of property business that aims to create a home for young people to develop start-ups, said Sinar Mas Land CEO Michael Widjaja on Thursday.
“Not only helping start-ups look for opportunities and exposure, the digital hub will also connect [them] with research centers and educational institutions,” Widjaya said, adding that the facility could also be a testing ground for their businesses.
(Read also: BSD eyes big bucks in commercial segment)
Construction of the digital hub will be started in the second quarter of 2017, according to a statement.
The company has formulated the digital hub formation since February last year and the start-up communities would be fostered by 2019, Widjaja added.
On Thursday, a new building of the Purwadhika Startup and Coding School has been officially integrated in the area, following the integration of other institutions like My Republic, Huawei, Orami Bilna, SaleStock, EV Hive, WGS and GeeksFarm.
Hundreds of students of Atmajaya University will also move to the area in August, as the university will phase out its undergraduate student programs and focus the campus in South Jakarta for executive and postgraduate programs, Widjaya added. (yon/bbn)
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