l o a d i n g

1990 - 1991

Presidential Decree No. 53, 1989, encouraged the private sector to become involved in establishing and running industrial estates. A number of companies became involved. The Salim Group through PT Besland Pertiwi (formerly PT Bekasi Metropolitan) and with its Japanese Partner, PT Indotaisei Indah Development, participated in developing the Kota Bukit Indah Industrial City.

1991 - 1994

With the completion of the Jakarta-Cikampek Toll Road in 1988, Kota Bukit Indah began clearing land and commenced multiple infrastructure projects. The 68 km Kalihurip intersection on the toll road was completed in 1993, further easing access to the industrial estate.

1994 - 1998

In 1994, the government issued Regulation No. 20/1994 to further boost foreign interest in Indonesia. A number of foreign investors, particularly Japanese manufacturers, looked to establish operations in Indonesia, particularly in industrial estates that met stringent international standards such as KBI.

1999 - 2002

The impact of the Asian Financial Crisis reverberated around the world in 1997, with Indonesia among the most adversely impacted countries. The impact on the Indonesian economy and political instability was particularly severe in 1998, and has made the investment climate unconducive. The exchange rate from Indonesian Rupiah to the greenback increased from IDR2,300 to a staggering rate of IDR16,500 per USD. And after a while reached a balance of IDR8,000 – 10,000 per USD throughout 2000-2002.

2002 - 2009

The exchange rate of the Indonesian currency began to stabilize, encouraging investors to develop their respective businesses.

2010 - 2015

Presidential Regulation No. 28/2008, a government initiatives to develop a Low Cost Green Car and market potential in Indonesia, prompted Japanese players to invest in Indonesia, especially in Karawang where the infrastructure had already taken form. On top of earth-quake and tsunami that hit Japan in 2011 and floods in Thailand in the same year, forced factories to relocate to Karawang/Purwakarta.