JAKARTA. PT Nusantara Almazia Tbk (NZIA), a property developer that handles two housing projects in Tangerang and Karawang, plans to extend its business scope by building a pool and waterpark.

This pool and waterpark business line will be built in Citra Kebun Mas City, East Karawang. NZIA has scheduled an Extraordinary General Shareholders Meeting on May 24, 2023, regarding the suggestion of addition of the Standard Indonesian Business Field Classifications 93239, the Man-Made Amusement Park.

The management of NZIA said that this additional business line will provide the recurring income for the company. Other than that, this new amusement park is believed to increase the appeal of the housing and its selling value.

According to the feasibility analysis of this new business line, NZIA is estimated to be in need of investment worth IDR 10 billion to further realise its new line. The investment will then cover a pool of 100 m2, a water playground set (MEP included), a semi-olympic pool of 6x25m, a water playground pool of 250 m2, waterslides, as well as supporting infrastructures.

Then, based on IDNFinancials data, NZIA recorded cash and cash equivalent of IDR 25.47 billion at the end of December 31, 2022. Meanwhile, the total assets clocked up to IDR 605.5 billion, as well as total equity of IDR 512.8 billion. (KR/ZH)