Gathering steam: Indonesian development wave fuels Gallant's rapid growth

The sleeping dragon awakes at last.

Gallant Ventures is now well on its way to unlocking the value of its 14,000ha landbank in Indonesia's Bintan Island.

According to a report by OSK DMG, Gallant’s Bintan resorts are finally set to open in 2H14 after several delays in the development stage.

A newly-opened airport in Bintan is also expected to accelerate Gallant’s growth, with tourist numbers expected to jump to 1m by 2016.

According to OSK DMG, “Gallant’s business arms on Bintan are highly synergistic, riding on this wave together. As activities on Bintan grow, industrial park rental and captive utilities customers on Bintan and Batam will grow as well, providing stable recurring income. Hence, the new airport and Bintan Resort 3.0 will actually help all of its Bintan businesses.”