The company said on Tuesday it had inked an MoU with PT Bangun Kosambi Sukses (BKS) and PT Nikko Sekuritas Indonesia (NSI) to jointly undertake the project.
BKS is jointly owned by Agung Sedayu Group and Salim Group, which is involved in the property development of PIK 2 Sedayu Indo City Indonesia. NSI is an investment banking firm.
Matrix Concept said the MoU was to create a platform for the parties to commit their intention and to strengthen their mutual understanding to undertake the project.
“The proposed Islamic Financial District, is initiated by the Indonesian Government in their quest to position themselves as an Islamic Financial District in view of their large Muslim population,” it said.
Matrix Concept said the definitive JV would affirm its first step to establish its presence in Indonesia, being one of the biggest and growing markets in Asean.