The Istora Senayan is an indoor stadium, situated in Senayan, Jakarta, Indonesia. Opened on 24th August 1962, the stadium is used for hosting various sporting, communal activities and events. It stands in the neighbourhood of the Bung Karno Stadium. The stadium was initially referred as "Senayan". The word "Istora" means Palace of Sports. The construction of the Istora Senayan commenced on 8th February 1960 and took two years to complete. An estimated amount of $12,500,000 was spent on the construction of the stadium. It underwent a major expansion on 17th August 1962 and a significant renovation on 24th July 1962. The Government of Jakarta currently owns the stadium and is operated by Gelora Senayan Foundation (BPGS).