Rosan considered this special authority necessary to manage the financial center area specifically.
"Yes, there will be its own authority,” he said following a meeting at the Coordinating Ministry for Economic Affairs in Jakarta on Tuesday.
While the discussion continues, the government is preparing various supporting aspects, from regulations and legal frameworks to incentives to attract global financial industry players.
“We will be summoned by the President to discuss the establishment of the Indonesia Financial Center, which we plan to explore for locations in Bali,” he remarked.
He said the government will also identify several needs that need to be addressed by each stakeholder, which involves the Coordinating Ministry for Economic Affairs, the Finance Ministry, Bank Indonesia, and the Financial Services Authority (OJK).
Indonesia will conduct a comparative study with several international financial centers, such as in Dubai, Abu Dhabi, and Singapore, prior to establishing its own center.
He considered this step crucial to ensuring the competitiveness of Indonesia's financial center on the global level.
Rosan further mentioned that Danantara has the potential to act as an initiator overseeing the development of the center, which is expected to enhance Indonesia's role in the international financial ecosystem.
Earlier, Coordinating Minister for Economic Affairs Airlangga Hartarto revealed the government’s plan to develop the Kura Kura Bali Special Economic Zone (SEZ) as Indonesia's international financial center.
The zone is designed to accommodate the requirements of a financial center, ranging from governance schemes to the provision of facilities capable of attracting global investors.
The Kura Kura Bali SEZ is also preparing an ecosystem to support the operations of an international financial center through a Business Hub, which is designed as a meeting point for the Global Blended Finance Alliance (GBFA) program, business schools, and leading investment platforms in Indonesia.
As of the first quarter of 2026, the SEZ recorded an investment realization of Rp1.62 trillion, or around US$93.1 million, employing 2,146 people—demonstrating the potential for developing value-added investment-based sectors.
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Translator: Aria Ananda, Yashinta Difa
Editor: Azis Kurmala
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