TOKYO -- Japanese trading house Mitsubishi Corp. will add an urban development project to its smart city program near Jakarta, envisioning residential and commercial districts built on six hectares around a railway station for 200 million Singapore dollars ($149 million).
The deal, announced Monday by a joint venture between Mitsubishi and a unit of Singaporean state-backed investor Temasek, would enhance the smart city program on 100 hectares in the same area.
