JAKARTA (TheInsiderStories) – Indonesian conglomerate Bakrie Group and The Century Properties group is entering a joint venture with  to develop several projects in the Philippines, local news agency reported. Century said that it signed a memorandum of understanding with Bakrie Group at the sidelines of the ASEAN Summit, to build a Technology Corridor, which it said will be the Philippines’ version of Silicon Valley. Century and Bakrie will also jointly develop a property called ‘Media City,’ which will be a mixed-use development that will cater to multimedia developers in Indonesia and the Philippines. Another project is ‘Sports City’ which will be made up of sports complexes for use by the general public.

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