IFC all set to invest $300m in Indonesia’s tourism-related firms

Published on : Wednesday, May 22, 2019

The International Finance Corporation or IFC, a member of the World Bank Group, will invest up to $300 million in companies associated with tourism-related sectors in Indonesia, a top executive informed DEALSTREETASIA on Wednesday. The figure is fixed for the fiscal year July 2019-June 2020. “We targets to have $300 million for our pipeline, which we want to invest in the companies. We cannot disclose the name of the companies yet, but they mostly operate to develop a tourism business in Indonesia,” IFC country manager for Indonesia, Malaysia, and Timor Leste Azzam Khan said. Also, IFC has agreed a $10-million loan package for Aqua Expeditions, Singapore-headquartered boutique river Cruise Company for its Indonesia extension.


Established in 2007, Aqua Expeditions manages soft-adventure cruises in new market destinations. At present it operates two boats – cruising across Cambodian Mekong and Peruvian Amazon rivers. The company will utilize the debt package to add yet another boat, providing coastal luxury cruise service in the eastern part of Indonesia, like Ambon (Maluku), Raja Ampat (Papua), Maumere (Flores), Komodo Island and Labuan Bajo (East Nusa Tenggara) or the so-called ‘ten new Balis’.


The government of Indonesia has been aggressively endorsing the ‘ten new Balis’ tourism programme to build up numerous destinations beyond the most well-liked tourist Island of Bali. Also, Indonesian tourism could probably generate $20 billion in foreign exchange revenue throughout this year, according to the government estimates.

Related Posts


(No Like Yet)

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 19 uzakrota London 2019
  • 20 seatradecruis 2019
  • 20 uzakrota Istanbul 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 DRT SHOW India 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 30 PATA


    1. TAAPE

      September 19 - September 21
    2. IITM Delhi

      September 20 - September 22
    3. World Routes

      September 21 - September 24

      September 23 - September 24

      September 23 - September 26
Get our toolbar!
Review www.travelandtourworld.com on alexa.com