Singapore investors flock to Bali’s new green SEZ, plan to build luxury resort and school
The Indonesian government has actively promoted Kura Kura Bali special economic zone as part of its broader economic strategy to attract foreign capital and diversify the island’s economy beyond traditional tourism
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[BALI] Singaporean investors are eyeing opportunities in Kura Kura Bali’s newly established eco-focused special economic zone (SEZ), with plans to develop key projects such as a luxury resort and an international school.
Among the interested parties is the family-owned Tsao Pao Chee Group, led by its chairman Chavalit Frederick Tsao. The group recently signed a memorandum of understanding with Bali Turtle Island Development, the private developer of Kura Kura SEZ, with Tsao attending the signing ceremony in Bali last weekend.
One of the group’s proposed investments is a luxury resort designed to cater to the growing demand for high-end tourism in Bali, particularly from international visitors.
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