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Ascendas in maiden development project in Indonesia

Ascendas and MKD exchanging gifts at the joint venture signing ceremony. (From left) Solidi Korompis, director, PT Karyadeka (MKD director); Nanda Widya, president director, Metland; William Tay, CEO, South-east Asia, Ascendas; and Manohar Khiatani, president & group CEO, Ascendas.

ASCENDAS GROUP has made its first major stride in Indonesia, where it is jointly developing a mixed-use project in Tangerang, Greater Jakarta with a local player. This marks its maiden development project in South-east Asia's largest economy.

Under a joint venture agreement inked with PT