PT Jababeka Tbk was established in 1989 and is the first publicly listed industrial estate developer in Indonesia, being listed on the Jakarta and Surabaya Stock Exchange in 1994.
A pioneer and trailblazer in integrated city development, Jababeka has grown to be one of the biggest township developers in Southeast Asia. Along the way, Jababeka has achieved numerous milestones and created real value, directly and indirectly enabling thousands of businesses to thrive by providing a supportive environment with the right mix of elements.
The history of Jababeka began in 1989, on a bleak plot of land in Cikarang, West Java. In 1989, SetyonoDjuandiDarmono looked at a barren plot of land in Cikarang, West Java, and saw a vision take shape of a modern industrial city bustling with life and energy. Previously, the area had been known for its brick and roof tile industry, resulting in extensive soil damage as workers dug up the earth to make the bricks and tiles. Only a single kapok tree remained to green the earth. Locals viewed the area as a virtual ghost town. Undaunted, Mr. Darmono laid out an ambitious masterplan for the area with the goal of unlocking its potential. With a strategic location close to major highways and easy access to the capital city of Jakarta, this undeveloped plot of land had enormous potential.
Mr. Darmono secured some 5,600 hectares of land for this purpose and proceeded to invest in industrial infrastructure, creating an estate that would be attractive to industrial businesses. His ideas proved spot on and Kota Jababeka, as the township was named, swiftly became a popular destination for industrial business. In parallel, Mr. Darmono established residential housing, commercial and leisure facilities in order to support the employees working at these anchor businesses.
By 1994, Jababeka was thriving and the Company decided to go public, becoming the first publicly listed industrial estate developer in Indonesia.
Since then, Jababeka has grown from strength to strength on the back of its proven expertise in large-scale industrial estate and infrastructure development. A mature township, Kota Jababeka is now home to more than 1,600 local and multinational companies from over 30 companies including Australia, France, Japan, France, Korea, Malaysia, Taiwan the Netherlands and The United Kingdom among others.
Building on its track record, Jababeka has continued to strengthen Kota Jababeka and branch out to replicate its success elsewhere across the country for the benefit of investors, businesses, communities, the government and partners alike.