2021
In March 2021, the company held groundbreaking ceremony of Lido Music & Arts Center at Tourism SEZ MNC Lido City which aims to become the largest outdoor music and arts festival venue in Indonesia. Lido Music & Arts Center has a capacity of up to 50,000 people per event, which will become the largest in Southeast Asia, which can be used to host international and local music and arts festival, and will be equipped with various supporting facilities.
In February 2021, the company in collaboration with MNC Studios International held the groundbreaking ceremony of Movieland in Tourism SEZ MNC Lido City. Movieland will become the center of movie and drama series production from pre to post-production set in one location with controlled environment. Supported with high-tech equipments and world-class facilities, Movieland is set to be the most integrated and one stop studios in South East Asia.
In February 2021, SEZ MNC Lido City, one of the mega projects being developed by the company has received approval from the National Council for Special Economic Zones to become a Tourism Special Economic Zone (SEZ). By obtaining the Tourism SEZ status, Business Entities and Business Actors in the SEZ MNC Lido City area will enjoy various facilities and tax incentive according to the Minister of Finance Regulation number 237/PMK.010/2020, including incentives in income tax, value added tax and sales tax on luxury goods, import duties and taxes for import, excise, as well as various other permits leniency.
