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Technology

In Jakarta suburb, Mitsubishi and Temasek unit plan smart city

High-tech community includes homes, shopping and medical services in 1 sq km

The Indonesian smart city will be built in Bumi Serpong Damai, about 25 km southwest of Jakarta. (Photo courtesy of Bumi Serpong Damai)

TOKYO -- Japanese trading house Mitsubishi Corp. will partner with a wholly owned subsidiary of Singapore's state-backed investor Temasek Holdings to build a high-tech community near Indonesia's capital, Nikkei has learned.

The pair have formed a joint venture for the project, which will span about 1 sq. km in Bumi Serpong Damai, a planned city about 25 km southwest of Jakarta. Local developer Sinar Mas Land will participate as well.

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