Bali provincial authorities have announced a strategic plan to transform the region into one of the world's leading financial centers.
Today, megacities such as New York, London, Singapore and Hong Kong hold key positions in the global economy. However, the implementation of the Kura‑Kura Special Economic Zone (SEZ) project is designed to provide Bali with access to a new level of international economic cooperation.
Bali has maintained its status as one of the most sought-after tourist destinations in the world for almost a century. On the threshold of the next century, the provincial leadership is initiating large-scale transformations in the political and economic spheres.
During his visit to the Kura‑Kura SEZ, located in Serangan (near Sanur and Denpasar), Indonesian Minister of Economy Airlanga Hartarto presented a strategic vision for the development of the region.
The central and regional authorities agree that the development of the Kura‑Kura SEZ, combined with new projects in the Sanur SEZ, can turn Bali into a significant global financial hub.
The Macroeconomic Context
Indonesia is showing steady economic growth:
- In 2025, the country was the 7th largest economy in the world in terms of purchasing power parity (ahead of most European countries and Brazil);
- Indonesia ranks 16th in terms of GDP;
- By 2050, it is planned to reach the 4th place in the world ranking of economies (along with China, India and the USA).
Bali, being a key tourist region of the country, has a significant role to play in achieving these strategic goals.
Details Of The Officials' Visit
During his working trip to the Kura‑Kura SEZ, Minister Hartarto was accompanied by:
- Rosan Roeslani — Minister of Investments and Processing Industry, Head of the Investment Coordinating Council (BKPM);
- Doni Oskaria is the Chief Operating Officer of Danantara.
The purpose of the visit is to assess progress in ensuring accelerated regional development and stimulating investment, including in the fields of tourism and healthcare.
The strategic objectives of the Kura‑Kura SEZ are as follows:
- integration with new developments in the Sanur SEZ, including the creation of medical and wellness facilities that are harmoniously combined with the tourist infrastructure;
- Formation of an International Financial Center (IFC) as part of a strategy to increase the competitiveness of the national economy;
- Creating an ecosystem for business innovation, education, and environmental protection.
This means that it is now possible to profitably buy houses in Bali or an apartment. The cost of real estate on the island will grow more actively in the near future.
Key Projects And Indicators
Sira Village — Grand Outlet Bali — flagship project of the Kura SEZ‑Kura Bali", implemented jointly by PT Bali Turtle Island Development (BTID) and Mitsubishi Estate:
- degree of readiness — 92 %;
- the planned opening date is mid-2026;
- the concept is Bali's first luxury outdoor shopping mall.
The presence of global investors such as Mitsubishi Estate confirms the high level of confidence in the long-term potential of the SEZ.
Investment and employment indicators (as of the end of April 2026):
- Kura‑Kura SEZ: investment volume —62 trillion Indian rupees, number of staff — 2,146 people;
- Sanur SEZ: the volume of investments is 5.37 trillion Indian rupees, the number of staff is 5,444 people, the number of tourist visits is 279,804.
Development of the socio-cultural environment. The development of SEZs is not limited to the economic sphere. At the end of April, the region hosted the Serangan Board Riders Challenge, a surfing competition that brought together more than 150 young athletes on the waves of Bali's southern coast.
Thus, the implementation of projects within the framework of the SEZ "Kura‑Kura" and "Sanur" lays the foundation for the transformation of Bali into a multifunctional international center combining financial, tourism, educational and recreational opportunities.