Loan for the Development and Operation Business of Hotel-Residences
Supporting the expansion of Japanese companies into Indonesia through residential facilities

  • Area: Asia
  • Manufacturing and Services

JBIC concluded a loan agreement with Indonesia-based PT. TTL Residences (TTLR). TTLR was jointly established by Toyota Tsusho Corporation (Toyota Tsusho), the Indonesia-based LIPPO Group, Toyota Home Co., Ltd., and an Indonesian subsidiary of Tokyu Fudosan Holdings Corporation. The agreement provides the necessary funds for TTLR to develop and operate hotel-residences in Indonesia's Lippo Cikarang district that are primarily for Japanese employees of Japanese companies who are on a local assignment or business trip. Because there are plans to develop new sea ports and airports in Indonesia, particularly in the industrial area of east Jakarta, a growing number of Japanese companies are launching operations in the country. Toyota Tsusho plans on supporting Japanese companies with local operations by providing residential facilities of Japanese quality and daily life support services for employees on local assignment through TTLR. This financing supports the expansion of Japanese companies into Indonesia and contributes to maintaining and strengthening the international competitiveness of Japanese companies.

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