Indonesia has taken another step toward establishing its long-planned International Financial Center. While the government has yet to announce the final location, Bali has emerged as one of the strongest candidates currently under consideration.
The island is now being seriously evaluated as a potential home for the Indonesia International Financial Center (PFII), a project designed to attract global investors, strengthen the country’s financial market, and position Indonesia as a leading financial hub in the region.
Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that he recently conducted a site inspection across Bali together with Minister of Investment and Downstream Industry and Head of BKPM, Rosan Roeslani. The visit focused on several strategic locations that could support the development of the future financial center.
“Yesterday, Mr. Rosan and I inspected several locations in Bali. One of them was land owned by state-owned enterprises (SOEs). We also visited several Special Economic Zones (SEZs), land in West Bali, and SOE-owned land near the airport. Those locations are among the alternatives being considered for the establishment of PFII,” Airlangga said while speaking at his office on Wednesday (July 22, 2026).
According to Airlangga, Bali offers several advantages that make it an attractive option for the project. One of the most important considerations is the availability of large areas of land suitable for long-term development.
Another key advantage is the island’s existing Health Special Economic Zone (Health SEZ). He explained that modern international financial centers are expected to provide not only financial services but also premium supporting facilities that meet the needs of international professionals.
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“First, there is the availability of sufficient land. Second, Bali is a very suitable location because it already has a Health Special Economic Zone. One important component of a financial center is access to specialized healthcare facilities. Investment managers, investors, and other professionals need to feel comfortable and secure while working there,” Airlangga said.
Despite Bali’s strong position, the government emphasized that no final decision has been made regarding the location of PFII.
At this stage, the government’s priority is preparing the implementing regulations that will follow the approval of the PFII Law by Indonesia’s House of Representatives during a plenary session on Tuesday (July 21, 2026).
“Once the law has been officially passed, we will begin preparing the implementing government regulations,” Airlangga explained.
Those regulations are expected to provide the legal framework needed before development of the financial center can officially begin.
The Indonesia International Financial Center is expected to become a major international financial services hub capable of attracting global investors while expanding the country’s domestic financial market. The government also sees PFII as an important initiative to strengthen Indonesia’s position as a regional financial center and increase its competitiveness within the global financial industry.
To accelerate that vision, the government aims to complete the supporting regulations as soon as possible so the development process can move forward without unnecessary delays.
