Indonesian development receives $850m from 19 global partners for project
MEIKARTA, a residential township project being developed in Indonesia by Lippo Group, has received $850 million from 19 global partners focused on health and medicine, financial technology, education, logistics, and technology research. The partnerships were inaugurated in Jakarta this week with ceremonies signing the memorandums of understanding.
The 19 global institutions that signed the agreement with MEIKARTA are:
- Columbia University Medical Center
- University of North Carolina
- University College London
- World Trade Center
- Genesis Rehab Services
- HTC Corp.
- China Telecom Global
- ACSC & CFLP International Logistic
- Seafirst Technologies
- Union Space
- Rework
- USA Dunham Bush Refrigeration Equipment
- e-Shang Redwood
- Shanghai Infin Technology
- Nagase Indonesia
- Micro Focus
- JM Eagle
- Zhong Ying Finance
- Lausanne Hotel Management Institute
MEIKARTA is in the East Jakarta Corridor, which will be integrated with new transportation networks, including Jakarta-Bekasi High-Speed Rail, Patimban Deep Seaport, Kertajati International Airport, Jakarta-Cikampek Elevated Highway and APM (automated people mover) uniting seven new cities around MEIKARTA.
The MEIKARTA development covers approximately 240 million square feet in its first phase, designed since 2014. Work started in January 2016 with the initial construction of 100 skyscrapers, each with 35 to 46 floors, and the creation of a workforce expected to reach 65,000 individual jobs.
