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Jakarta Post

Citramas, Sinarmas team up for digital hub in Batam

  • Norman Harsono

    The Jakarta Post

Singapore   /   Wed, December 11 2019   /  01:38 am

Property developer heavyweights Citramas and Sinarmas Land are jointly developing on Batam Island a new digital hub marketed as a place for foreign start-ups, particularly those based in Singapore, to outsource their digital talent.Sinarmas Land said in a statement that the 62 hectare Nongsa D-Town, developed through joint venture Citra Sinar Global, in which Citramas Land and Citramas each own a 50 percent share, is expected to host some 5,000 digital talents by the time it completes the second phase of development in 2024.Neither company has disclosed their investment in D-Town, except that they would contribute 5 ha each for first phase of development, whereby the developer will focus on constructing office space before constructing retail businesses in the second phase.“This is promising potential to be explored between the two countries; in which Singapore is the center of busines...