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View all search resultsDanantara sets up new holding company for state-owned industrial parks
The legal restructuring process for Kawasan Industri Indonesia is expected to be completed this year, which will allow the firm to begin its full operations in 2027.
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A woman walks past the Wisma Danantara Indonesia building on May 6, 2026, on Jl. Jend. Gatot Subroto in South Jakarta. (JP/Iqro Rinaldi)
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tate asset fund Danantara has established a new holding firm to consolidate all state-owned industrial estates, aiming to strengthen Indonesia’s investment appeal.
Danantara’s chief operating officer (COO), Dony Oskaria, revealed that the holding company, dubbed Kawasan Industri Indonesia, was established to simplify the management structure of industrial estates that had previously been “mixed” with state-owned enterprises’ (SOEs) business lines.
“This industrial estate will be one of our key assets for attracting investors,” he said on Monday, as quoted by Antara.
Dony emphasized that the overhaul aimed to create a focused business model through a more integrated and professional approach, with Danantara also seeking to appoint a management team with expertise in industrial estate operations.
According to him, the establishment of the new holding company had been approved during Danantara’s general shareholder meeting (RUPS) on Monday.
The legal restructuring process is expected to be completed this year, which will allow the holding firm to begin its full operations in 2027.
SOEs’ industrial estate business was previously managed by state-owned investment firm Danareksa. In 2024, Danareksa conveyed plans to focus on developing modern industrial estate clusters and reduce reliance on land sales.
