Batam – Singapore-based company Tuan Sing Holdings has announced plans to build the first Premium Outlet in Batam. The company, which is currently developing the Waterfront Marina City project in Tanjungriau, Sekupang, presented its proposal to BP Batam on Thursday (18/4/2024).
“We want to bring the Premium Outlet concept to Batam, of course with a different marketing strategy given that Batam is a Free Trade Zone,” said Patrick Tan, a representative of Tuan Sing Holdings.
The Premium Outlet will feature a wide range of branded goods, similar to those found in Malaysia and Jakarta. This is expected to attract both local and international shoppers to Batam.
BP Batam’s Head of Public Relations, Promotion, and Protocol, Ariastuty Sirait, welcomed Tuan Sing Holdings’ plan and expressed BP Batam’s readiness to support the project.
“The projection of this project is very good for driving Batam’s economy forward, and we are sure that the Head of BP Batam, Mr. Muhammad Rudi, will be happy with the ideas brought by Tuan Sing Holdings,” said Ariastuty.
She added that BP Batam will be ready to support the entire process of realizing this project.
Tuan Sing Holdings will also send a letter of application to the Directorate General of Taxes (DJP) to obtain tax incentives in an effort to realize this project.
“We will study the material presented by Tuan Sing Holdings, especially in the field of taxation, so that it is hoped that it can produce competitive branded goods prices in the KPBPB Batam in the future,” said Imanul Hakim, Head of the Kepri Regional Tax Office (Kanwil DJP) who attended the event.
BP Batam Head Muhammad Rudi, in a separate occasion, expressed his support for the investment plan.
“I will support all positive investment plans in Batam so that Batam’s economic growth can continue to increase rapidly,” said Rudi.
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