PT MNC Land Tbk held a groundbreaking ceremony to start constructing Lido Music & Arts Center in MNC Lido City, Greater Jakarta. This proves KPIG's commitment to the Special Economic Zone's development plan for Tourism (or what is often referred to as the Tourism SEZ) MNC Lido City. As mentioned in the previous release, MNC Lido City has obtained approval from the National Council for Special Economic Zones as Tourism SEZ.
Lido Music & Arts Center, wholly owned by KPIG is built on 5 ha with an amphitheater concept, making it the largest outdoor music and arts festival venue in Indonesia. It is built to accommodate more than 50,000 visitors in one event. This venue can hold four events simultaneously.
Lido Music & Arts Center will be the leading destination for international music and arts festivals in Southeast Asia. Other than music and arts festivals, Lido Music & Arts Center can be utilized for other events such as sports festivals, shows and performances, cultural and social gatherings, etc. Various supporting facilities are also prepared for the convenience and comfort of the visitors, such as retail & dining and various transportation accesses.
The Company observes that Indonesia still does not have any outdoor facilities for world-class international music and arts festivals, to accommodate events such as the Coachella Valley Music and Arts Festival in California, America. Coachella is the largest and most famous music festival globally, which has drawn as many as 250,000 visitors from across the globe during the show.
"We are very optimistic that the presence of Lido Music & Arts Center in MNC Lido City will be a promising attraction. The Company has taken advantage of this pandemic to complete a number of developments, when the conditions improve, Lido Music & Arts Center will be ready to be the first world-class outdoor music and arts festival venue in Indonesia," said Executive Chairman of MNC Group.
"MNC Land's Lido Music & Arts Center also supports government program for new tourist destinations, which at the same time advances the Indonesian music and arts industry," added Hary Tanoesoedibjo.
The groundbreaking was attended by the Minister of Tourism and Creative Economy RI/Head of Tourism and Creative Economy Agency RI, Sandiaga Uno; Deputy Minister of Tourism and Creative Economy RI/Deputy Head of Tourism and Creative Economy Agency, Angela Tanoesoedibjo; Governor of West Java, represented by the Head of West Java Tourism and Culture Agency, Dedi Taufik; Bogor Regent, Ade Yasin; Sukabumi Regent, Marwan Hamami; Bogor Mayor, Bima Arya; and Executive Chairman of MNC Group, Hary Tanoesoedibjo; along with the Board of Directors of MNC Land.
Source: MNC Land