Nongsa Digital Park Attracting Investment to Indonesia’s Batam

Asia Blockchain Review
September 5, 2019
Nongsa Digital Park Attracting Investment to Indonesia’s Batam

Indonesia’s Batam is receiving increased investment interest following the opening of Nongsa Digital Park (NDP), a tech hub providing key opportunities on an island already well regarded for its proximity to Singapore.

In a report by The Business Times (Singapore), Nongsa Digital Park was described as one of the most attractive opportunities on Batam, a traditional magnet for investment due to its Free Trade Zone status.

Singaporean Opportunities on an Indonesian Island

NDP was initially conceptualized by Singapore’s Infinite Studios, an integrated media entertainment and creative services firm, and ultimately built by its parent company Citramas Group. Opened in March this year, the park is to serve as a component of a larger digital economy hub being overseen by Surbana Jurong, also a Singaporean company. The entire project is to serve as a “digital bridge” between Indonesia and Singapore, providing opportunities to businesses in both countries.

Some 50 enterprises have already set up in NDP and based more than 240 workers on the beachfront park. Mike Wiluan, CEO of Infinite Studios, called NDP an “ecosystem of like-minded companies that can collaborate more efficiently.” 

NDP Adds to Batam’s Investment Potential

Batam is already a major destination for Singaporeans, who made up almost half of the visitors to the island in 2018. Just a 40-minute ferry ride from Singapore’s Harbourfront, the proximity of Batam to Singapore has led to it becoming a haven of luxury hotels and diverse, high-end shopping. 

NDP features highly tech-friendly infrastructure, including broadband connectivity throughout, a planned data center, and its own power stations. Such benefits are expected to make it even more attractive to anyone wishing to access Singaporean innovation while enjoying Indonesian benefits.

Source: www.businesstimes.com.sg


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