PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., aims to open more stores in Jakarta and other major cities as it prepares to launch its first megastore in October.
Courts Indonesia CEO Roy Santoso said the company was looking to build 10 to 12 megastores in Indonesia over the next five years. The company will be investing between USD3 million and USD4 million per store.
"We already have two or three locations in the pipeline, but Jakarta and its surrounding areas will be the focus of our expansion in the coming two to three years. As for the medium- to long-term expansion, we are looking at two to three major cities in the country," he said on Wednesday.
(Source: The Jakarta Post)