PT MNC Land Tbk. (KPIG) and Bumi Indah Prima (BIP) have reached an agreement to conduct the transaction of land asset owned by MNC Bali Resort in Tanah Lot, Bali with the value of approximately Rp5.5 trillion. This transaction is to be concluded in January 2025 and the land to be developed into a Transit Oriented Development in the Bali Urban and Associated Development (Bali Subway) projects. With the support from Bali Provincial Government, the project is to be developed in four phases which will connect I Gusti Ngurah Rai Airport with various Bali’s major tourism destinations.