Jakarta, Indonesia
On February 12, 2025, at 10:00 AM Jakarta local time, the groundbreaking ceremony for the new commercial project Jababeka Bizpark was held in Indonesia’s largest industrial city, Kota Jababeka. As a strategic partner and investor of Jababeka, PT. Asia Timur Assets Indonesia was invited to attend the ceremony. Yuan Bang, Vice President of Crect Group and Managing Director of PT. Asia Timur Assets Indonesia, represented the company at the event.
The Jababeka Bizpark project covers an area of 12.4 hectares, located in the core area of Jababeka, adjacent to the Jababeka factory direct sales center, golf course, upscale residential areas, international hospital, President University, and land port. Its prime location is complemented by plans for a large shopping center and a five-star hotel, aimed at meeting various commercial needs, including dining, warehousing, office space, workshops, and showrooms. The supporting Cikarang land port enhances Jababeka’s status as a strategic logistics hub, providing efficient connections to Tanjung Priok Port via rail and enabling customs operations such as clearance and bonded warehousing at the dry port. For Chinese enterprises, the development of Jababeka Bizpark means that small and medium-sized enterprises looking to expand internationally can access flexible office, production, and storage facilities in Indonesia’s largest industrial park at a lower cost, offering high investment value and potential for appreciation.
Yuan Bang stated that Jababeka is an important partner for PT. Asia Timur Assets in Indonesia. He emphasized the commitment to deepen cooperation between both parties. Leveraging the stable development of bilateral relations between China and Indonesia, as well as the wave of Chinese enterprises expanding abroad, the goal is to assist more Chinese investors in establishing a presence in Jababeka.
Ms. Ivonne Anggraini, Senior Executive Director of Jababeka, stated that the number of Chinese investors settling in Jababeka has rapidly increased in recent years, gradually surpassing traditional capital strongholds such as Europe, the United States, Japan, and South Korea. The group is placing greater emphasis on attracting Chinese enterprises and looks forward to deepening cooperation with PT. Asia Timur Assets, providing the highest quality services and policy support.
PT. Asia Timur Assets is the investment management entity established by Zheng Chuang (Crect) Group, a leading Chinese developer of industrial and logistics infrastructure. The company plans to develop modern industrial and logistics infrastructure in Indonesia and provide investment and management services to facilitate the “CN+ID” industrial layout for Chinese enterprises.
Jababeka is a renowned industrial real estate developer in Indonesia, developing and holding Southeast Asia’s largest industrial park—Kota Jababeka, located in Eastern Corridor of Jakarta, as well as the Kendal Industrial Park in Central Java. These industrial zones have become significant investment areas in the Greater Jakarta region and Central Java, respectively. PT. Asia Timur Assets Indonesia and Jababeka signed a strategic cooperation agreement on July 22, 2024. The Bizpark project will serve as one of the key collaborative projects between the two parties.
