Published on : Friday, August 11, 2017
Indonesia is striving for Australian investors to help recreate Nusa Dua – a high-end resort enclave in Bali – in an underdeveloped tourist destination in Eastern Indonesia in order to attract more Australian investment.
Minister for National Development Planning Professor Bambang Brodjonegoro recently returned from a five-city “road show” in Australia, during which he appealed to managers from superannuation funds and the government’s Future Fund to invest in Indonesian tourism and infrastructure projects. Last year, Australia invested just $9.16 billion in Indonesia compared with $617.4 billion in the US.
Mr. Bambang said that Indonesia is offering the opportunity to invest in infrastructure projects such as toll roads, power plants, airports and seaports with a much better return than any banking product. He said, “We only offer to any potential foreign investor a project with a return like 13 per cent.”
He said at the end of the road show, the two countries agreed to promote tourism in Labuan Bajo, a tourist town in Flores that is near Komodo and Rinka islands, the home of the famous Komodo dragons.
“We are planning to create something like Nusa Dua in Bali in Labuan Bajo – hopefully there will be Australian investors investing in creating more tourist attractions, maybe diving, paragliding, marina and also airport,” Mr Bambang said.
He hoped the project would be endorsed by Indonesian President Joko Widodo and Prime Minister Malcolm Turnbull at their next bilateral meeting.