Indonesia is accelerating efforts to transform the KEK Kura Kura Bali Special Economic Zone into an international financial hub as part of a broader strategy to diversify its economy beyond traditional sectors like commodities and manufacturing. Backed by Government Regulation No. 23/2023, the project covers a 498‑hectare area on Serangan Island and has expanded into a large-scale financial center initiative valued at approximately IDR 104.4 trillion (US$6.3 billion). The government aims to develop capabilities in investment management, digital finance, green finance, and international financial services, supported by high-level coordination among key ministries. The initiative also seeks to leverage Indonesia’s fast-growing digital economy, particularly in fintech, e-commerce, and digital banking, while positioning the country as a regional hub for sustainable and Islamic finance. A central objective of the project is to reduce Indonesia’s dependence on foreign financial hubs such as Singapore and Hong Kong, where much of its financial activity—like fund management and corporate treasury—is currently conducted. By strengthening its domestic financial ecosystem, Indonesia hopes to retain more financial value within the country and enhance its global competitiveness, drawing inspiration from established hubs such as Dubai and Abu Dhabi. However, experts emphasize that success will depend on more than infrastructure and tax incentives, highlighting the need for strong governance, legal certainty, regulatory consistency, and improved human capital. Challenges remain in areas such as bureaucratic efficiency, cybersecurity, financial regulation, and dispute resolution, all of which are critical to building investor confidence and ensuring that Bali evolves into a credible regional center for finance, investment, and international business.Source: https://indonesiabusinesspost.com/6630/markets-and-finance/bali-financial-hub-at-kek-kura-kura-set-for-us-6-3-billion-investment (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 12 May 2026