Multinational Land is a golf course with Donald Trump brand in Ledo, West Java.
Provided by multinational corporations
The Indonesian government has suspended the construction of a tourist estate that features a Donald Trump-branded golf course outside Jakarta in the context of environmental concerns.
Billionaire Hary TanoesoedibjoMultinational corporations are developing the project, known as MNC Lido City Promace, a multinational company in Lido, West Java, about an hour's drive from Jakarta. 30,000 people in the next 20 years. Located on a 1,040-hectare area of West Java, the tourist estate will be designed by Ernie Els, an already completed 18-hole golf course. The Hyatt Regency Hotel and the theme park are under construction.
The Ministry of Environment said it ordered a moratorium on construction activities in the city of Ledo after it found signs of improperly managed stormwater runoff in the area, resulting in “deposition and shallowness”.
Multinational Corporate Land claims that the government did not inform the company in advance before the construction area was sealed. It added that when the company acquired the property in 2013, there was a “deposition and shallow” problem in the area.
Stakes in multinational corporations fell 3.9% in Jakarta trade, occupying Rs 122 after hitting an intraday low of Rs 108.
The first phase of the project will involve the development of a variety of facilities, including golf courses, theme parks and music and arts centers, which are scheduled to be completed by next year, with a cost of 14.2 trillion Inrojilan is scheduled to open in the second quarter of this year.
Tanoesoedibjo, estimated net worth of $1.1 billion Forbes“Real-time Data established a successful media business shortly after college and still owns 62 TV stations, four radio stations and a newspaper. In 2023, MNC Land opened Lido Music & Arts Center in Jakarta as part of the Lido City Project . The company has also developed another Trump-branded golf resort in Bali.
