PT Kawasan Industri Jababeka Tbk (lit. 'Jababeka Industrial Estate plc'), trading as Jababeka & Co., is the first publicly listed industrial estate developer in Indonesia,[1] being listed on the Jakarta and Surabaya Stock Exchange under the "KJIA" ticker symbol in 1994. It was established in 1989 by Setyono Djuandi Darmono, marked by the development of an integrated city in some 5,600 hectares of land which is Kota Jababeka in Cikarang. As an industrial estate developer, Jababeka creates an industry-based township through developing industrial, residential, commercial property, leisure, infrastructure and estate management service.
History and milestones
PT Jababeka Tbk was established in 1989. In the same year, the development of industrial estate took place in Cikarang, known as Jababeka Industrial Estate, while the residential estate was started being developed three years later. In 1994, PT Jababeka Tbk was listed on Jakarta and Surabaya stock exchange, making it the first publicly listed industrial estate developer in Indonesia.[1] Then in 1996, there were acquisitions of Menara Batavia in Jakarta CBD and also 1,000 ha industrial land in Cilegon, Banten. Still in the same year, PT Jababeka Tbk inaugurated the