Jakarta's Happy Place
    Category: Companies & People By : Ulisari Eslita Read : 1369 Date : Wednesday, January 13, 2016 - 08:55:34

    Ahmad Zamroni / Forbes Indonesia

    Already one of the largest recreational parks in Southeast Asia, Ancol Dreamland is set to become even bigger under the plan being implemented by Gatot Setyowaluyo, president director of its corporate owner PT Pembangunan Jaya Ancol. By 2018, he plans to open Dufan Oceans, a water-themed entertainment complex spread over 32 hectares. “We can explore the sea at Dufan Oceans. It is related to President Jokowi’s maritime program,” says Gatot.  

    The 32 hectares for the development will be reclaimed from the ocean, just next to Dufan (taken from Dunia Fantasi, meaning Fantasy World). About half of it will be dedicated for Dufan Ocean, while the rest will go for other developments, such as a hotel, convention hall and residences. For the project, Jaya Ancol has set aside a total of Rp 5.2 trillion, with Rp 2.2 for Dufan Ocean and the rest for property developments. The Dufan Ocean amount will be invested in two stages: Rp 1.6 trillion and Rp 600 billion.” We’re still discussing the financing scheme,” says Gatot. 

    As a recreation area, Ancol has to constantly refresh its offerings to retain repeat customers, which need large amounts of investment. For instance, in 2014 when Dufan launched a new ride called Ice Age, the company invested about Rp 200 billion. “The recreation industry needs huge and long term investments. This is not a business that anyone can come into and run it just like that,” says Gatot. 

    Ancol is not lacking for visitors: last year Gatot expects it was 19 million in total who came in 2014. For 2015, Gatot estimates Ancol to book at least Rp 1.25 trillion revenue and Rp 300 billion net profit, up from Rp 1.1 trillion and Rp 235 billion in 2014. For its improving figures, Ancol for the first time landed on Forbes Indonesia’s Best of the Best list for 2015, ranking the top 50 best-run listed firms in Indonesia. 

    Sitting on 550 hectares, Ancol manages a number of businesses besides recreation, such as property, tourism, trading and services. As new tourist destinations have opened around Jakarta, Gatot is try to upgrade Ancol’s competitiveness but building up its meets and conferences business. 

    Meanwhile, in the property segment, Ancol currently has developments such as Marina Coast Royal Residence, Marina Coast The Bukit, De’Cove, Northland Apartments, Puri Jimbaran Residence, Puri Marina Ancol, and Coastavilla Residence. In 2014, the property segment contributed Rp 464 billion.

    Ancol is a major player in the tourism sector, with Dufan, Atlantis Water Adventure, Ocean Dream Samudra, Marina, Bidadari island, Putri Duyung Cottage, Ocean Ecopark, and other offerings.