TIN, Feb. 25. Kajima Corp. plans to expand its urban development project
in Jakarta, starting with the construction of a large office building,
Nikkei reported Tuesday (19/2/08). The general contractor completed a
large office building on Monday, and already plans to begin constructing a
similar-sized office building late this year.
The 4 billion yen ($37.08 million) building, which is expected to be
completed in 2010, is to have 28 above-ground floors and a total floor
space of 62,000 sq. meters.
As soon as it receives government approval, Kajima also plans to build a
hotel and a shopping mall in Jakarta.
"We aim to bolster our urban development business in Indonesia further by
planning construction of new office buildings and hotels," Kajima
president Mitsuyoshi Nakamura said.
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