Indonesia & China Has Strengthened as MNC Signs Framework Agreement for New Tourism Destination

MNCLand.com – MNC Land, a leading property developer in Indonesia, has signed an Engineering, Procurement, and Construction (EPC) Framework Agreement with one of China’s biggest construction conglomerates, the China Metallurgical Corporation (MCC) Group, for the design and build of a world-class integrated theme park resort in Lido, Bogor. MNC Land also received a Letter of Interest from the Chinese Export and Credit Insurance Corporation (SINOSURE), paving the way for project financing from China.

The landmark construction deal, which was witnessed by government officials and dignitaries, is set to strengthen bilateral relations and increase investment in economic development between the two countries.

“Today marks a pivotal step forward in the expansion of the MNC Group. Developing Indonesia’s first world-class theme park is a natural extension of our unrivalled strength as Southeast Asia’s leading media network, allowing us to leverage synergies in content creation and distribution across the Group, whilst underscoring our commitment to serve the people of Indonesia with the very best in entertainment.” said Mr. Hary Tanoesoedibjo, Chairman of MNC Group, Jakarta, (June 20, 2016).

A Chinese state-owned enterprise headquartered in Beijing, MCC and its subsidiary China Jingye Engineering Corporation Limited have been involved in the structural design, construction and project management of some of China’s biggest landmark projects as well as leading theme parks around the world, including Shanghai Disneyland, Universal Studios Singapore and Chimelong Ocean Kingdom.

Mr. Guo Wenqing, Chairman of MCC Group, said: “MCC is proud to have built three of the most celebrated theme parks in Asia. No other regional main contractor can match our experience, reputation for timely project completion or exceptional standards of quality assurance. Our mission is to ‘Build the world with heart’, and we are thrilled to partner with MNC Land to build this iconic destination.”

Earlier this year, cutting-edge Hollywood-based design firm Opak Creative commenced schematic design works on the 55-hectare park located in the spectacular natural setting of Lido. Envisioned as an extraordinary, immersive world of magic and adventure, the park will feature thrilling rides and shows that bring to life powerful, original stories woven with elements of Indonesia’s rich cultural heritage.

The integrated theme park resort, which also features two hotels and an entertainment precinct, is part of MNC Land’s broader plan to develop a groundbreaking new 3,000-hectare lifestyle and entertainment hub destined to become the “Pride of Indonesia.” Road works are underway to extend the Bogor-Sukabumi tollroad, providing easy access from Jakarta and offering an unprecedented escape to Indonesia’s ultimate live, work and play destination.