Indonesia's Pembangunan Jaya Ancol Seeks Foreign Strategic Partner
Pembangunan Jaya Ancol, an Indonesian company that is engaged in the development of real estate and consulting services for the planning and development of tourist and hospitality sites, received the green light from its majority stakeholder - the local Jakarta administration - to conduct a rights issue. The company is primarily known for managing Taman Impian Jaya Ancol, an integrated recreation and resort complex in North Jakarta. This complex is Jakarta's number one tourist destination, attracting nearly 17 million visitors on an annual basis.