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Jakarta Post

Lippo Group to develop healthcare, education center in Meikarta

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, March 21, 2018   /   03:31 pm
 Lippo Group to develop healthcare, education center in Meikarta Lippo Group CEO James Riady delivers a speech at the memorandum of understanding (MoU) signing ceremony in Jakarta on March 21. Lippo signed the MoUs with 10 companies to develop a healthcare and education research center and other facilities in the Meikarta township project. (JP/ami)

Diversified conglomerate Lippo Group on Wednesday signed 10 memorandums of understanding (MoUs) to open the way for it to develop an education, health and technology research center in the Meikarta township project in Bekasi, West Java.

“We want to build an ASEAN regional education and health center in the Cikampek corridor. So we are trying to develop a health and education center there,” Lippo Group CEO James Riady told reporters.

He said Columbia University Medical Center, University College London, University of North Carolina and Genesis Rehab Services, whose representatives signed the MoUs, were expected to help establish the healthcare facilities.

Columbia University Medical Center, for example, will help design a cardiac health center in Meikarta, said James, adding that through the other MoUs his company would develop neurology, cancer and rehab facilities.

Representatives from the World Trade Center, the HTC Corporation, China Telecom, JM Eagle, Zhong Ying Finance and the Lausanne Hotel Management Institute also signed MoUs with Lippo.

 The total investment of the 10 MoUs is estimated to reach US$550 million.

On Tuesday, the Lippo Group signed MoUs with nine logistics and financial technology companies, with the investment estimated to reach $300 million.

The Lippo Group has allocated Rp 278 trillion (US$21.11 billion) to develop the township project. (ami/bbn)