Jakarta ( WNAM MONITORING): Indonesia has established a new holding company, Kawasan Industri Indonesia, to consolidate state-owned industrial estate management under sovereign wealth fund Danantara as part of a broader state-enterprise restructuring program.
Danantara Chief Operating Officer Dony Oskaria said the holding company was created to sharpen industrial estate management and support investment expansion across Indonesia.
“It will be called Kawasan Industri Indonesia, a new holding company dedicated to managing all of our industrial estates,” Dony said in Jakarta on Monday.
He said the government expects industrial estates to become a key vehicle for attracting both domestic and foreign investors into strategic regions.
According to Dony, industrial estate operations had previously been mixed with unrelated business activities, reducing efficiency and management focus.
“We are changing the business model to focus on the industrial estates. There will be no more overlapping businesses,” he said.
He said the new holding company will exclusively manage state-owned industrial estates through a more integrated and professional operating structure.
Dony added that Danantara will appoint executives with specialized expertise in industrial estate management and development.
“It will also make it easier for us to appoint managers who truly understand industrial estate operations,” he said.
The industrial estate holding company was formally established through a shareholders meeting held on Monday.
Dony said several subsidiaries previously managed under state-owned investment company Danareksa had been transferred to Danantara as part of the wider restructuring of state enterprises.
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“With today’s shareholders meeting, we now have a dedicated company managing our industrial estates,” he said.
He said the legal restructuring process is expected to be completed by 2026, allowing the new holding company to begin operating fully in 2027.
State-owned industrial estates were previously managed within Danareksa’s holding ecosystem. In 2024, Danareksa said it aimed to modernize industrial estate clusters and reduce reliance on land sales revenue.
Under the latest restructuring, Danareksa will refocus on asset management, while industrial estates will be managed under the newly established specialized holding company.
In a separate restructuring initiative, Dony said the government’s asset-management business will remain under Danareksa.
Meanwhile, state-owned securities operations will continue through two brokerage firms: Mandiri Sekuritas and BNI Sekuritas.
“The securities business will remain split into two entities: Mandiri Sekuritas and BNI Sekuritas,” Dony said.
