Late last year I was down on the Bukit Peninsula with some Balinese friends of mine having a look around. I was eager to check out Pura Uluwatu to see if any changes had occurred as I had not been there for a while.
On the way back to Jimbaran Bay for a feast of seafood we stopped on one of the back roads where two large statues were erected. They were huge!. One of my friends told me it was the entrance to a proposed resort development but as yet investors for the luxury resort had not been found.
Then I read an article in the Business section of the Jakarta Post about investors being invited to develop a mega resort complex in Bali. Naturally I surmised this was the place where we found the rather large statues – Pecatu Graha.
Here is the article from the JP:
Investors invited to develop mega resort complex in Bali
A Bali-based developer PT Bali Pecatu Graha is offering 124.5 hectares of land to investors to support a mega property project valued at more than Rp 3 trillion (US$333 million) on barren Pecatu Hill in Jimbaran in the south of the island.
BPG finance director A.R. Sofyan said Tuesday that the land would be developed for exclusive residences, international standard hospitals and schools, shopping malls, a 15,000 person capacity convention center and recreation places including theme and water parks.
These properties would be part of a 400 hectare Pecatu Indah Resort that would also include luxury hotels and an international standard golf course planned to be finished in 2016 he said.
“We have provided 52 hectares land for the development of residential houses, 32 hectares for public facilities such as schools and hospitals and 40.5 hectares for entertainment sites” he said.
He added that investors could buy the 52 hectares allocated for houses or establish conjunct ventures with BPG in developing the 32 hectares for public facilities.
“For the remaining 40.5 hectares we actually wish to construct entertainment facilities ourselves but investors are welcome to get involved” he said.
As of June six companies had shown interest in making a total investment of about Rp 1 trillion for various facilities he said.
He said PT Asia Pasifik Property planned to construct a five-star hotel on 11 hectares, PT Panorama Development Utama exclusive villas and condo-hotel on 3.5 hectares, PT Luminary Wira Bhakti-Westin Group a hotel on 6.5 hectares, PT Klapa New Kuta Beach an entertainment area on 3.8 hectares, PT Cupumanik Griya Permai a high end residential complex on 17 hectares, and PT Intra Golfink Resort an 18 hole championship golf course on eight hectares.
BPG president director Made G. Putrawan said that his company was providing an incentive in the form of basic infrastructure for investors interested in getting involved in the project.
“The area already has electricity and main roads, water supply, a communication network and 24-hour security system” he said hoping that the established infrastructure would help speed up the realization of the project.
He said that the company had spent Rp 600 billion on infrastructure.
“We hope that this project will help reinvigorate tourism in Bali” Made said.
According to Made BPG had prepared the master plan for the project in 1998 but due to the Indonesian economic crisis and the two bomb attacks on the island the company only started to implement it earlier this year.