"One is absolutely sickened, not by the crimes that the wicked have committed, but by the punishments that the good have inflicted." - Oscar Wilde

Sunday, July 17, 2016

Indonesia’s tourism ministry plans roadshows to attract investors

JAKARTA —Indonesia’s Ministry of Tourism is seeking up to 90 trillion rupiah (S$9.2 billion) worth of investment in nine tourism destinations outside of Bali, with plans to hold roadshows in the region to attract potential investors.

Mr Hiramsyah Sambudhy Thaib, the chairman of a working group at the ministry, said the 10 destinations would require US$20.8 billion (S$28 billion) for infrastructure development.

The project team has made its way to China and South Korea, attracting at least 10 potential investors who showed interest in developing resorts, hotels and even theme parks. Mr Hiramsyah said the roadshow will continue to Australia, Singapore, Hong Kong and Japan, and is optimistic that Indonesia will be able to reach its target of attracting 20 million tourists annually by 2019.

Mr Edwin Darmasetiawa, director for development at the state-owned Indonesian Tourism Development Corporation (ITDC), revealed that the firm has invested 3.4 trillion rupiah in the development of Mandalika in Lombok, West Nusa Tenggara, and that it has drawn interest from South Korean investor Woori Investment & Development Property.

The South Korean developer will be building hotels and resorts in the area. It has already invested 500 million rupiah in the project after signing an agreement with the ITDC to complete the development within a year.

According to Indonesian Tourism Industry Association chairman Didien Junaedy, the 10 priority destinations will be able to lure foreign tourists with their unique scenery and culture, which would see a 25 per cent increase in foreign arrivals next year, at 15 million.

The ministry has made it a top priority to attract at least 12 million tourists to Indonesia this year, generating US$12 billion in revenue.

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Source: The Jakarta Globe, July 16, 2016

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"One is absolutely sickened, not by the crimes that the wicked have committed, but by the punishments that the good have inflicted." - Oscar Wilde