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View all search resultsGovt drops PIK 2 from strategic projects list
Coordinating Economy Minister Airlangga Hartarto said on Monday that the government had only granted PSN status to the tourism-related segment of the project, not its broader real estate development and that the delisting followed a formal review.
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An architectural rendering shows the planned PIK 2 development. (PIK 2/-)
P
resident Prabowo Subianto has revoked the National Strategic Project (PSN) status for the PIK 2 development owned by Sugianto “Aguan” Kusuma’s Agung Sedayu Group and Salim Group following a Supreme Court ruling declaring the project’s designation unlawful.
Coordinating Economy Minister Airlangga Hartarto said on Monday that the government had only granted PSN status to the tourism-related segment of the project, not its broader real estate development, and that the delisting followed a formal review.
“It has indeed been revoked. What was granted was for the tourism program, not the property [one],” Airlangga told reporters on Monday, as quoted by Kontan.
Despite the removal, he insisted that the project would proceed. “The investment will continue, it won’t be affected,” he added.
The PIK 2 project, located along the northern coast of Jakarta and Tangerang, Banten, was dropped from the updated PSN list under Regulation No. 16/2025 issued by the Office of the Coordinating Economy Ministry on Sept. 24.
The Supreme Court ruling finding PIK 2’s inclusion on the PSN list unlawful was issued in May.
The court ruled that the project’s designation under Office of the Coordinating Economy Minister Regulation No. 12/2024 conflicted with higher legal norms and violated spatial planning rules, as parts of the “tropical coastland” development sits on protected forest land.
