Published on : Saturday, February 25, 2017
In a bid to attract investors in tapping the opportunities from the nation’s vibrant tourism sector in the Regional Investment Forum (RIF) held in Nusa Dua, Bali, Indonesian ministry has teamed up with investment agency team.
Senior Indonesian officials conveyed the lucrative potentialities investors can tap
on in the sector as the nation has made tourism sector as a core business, replacing the previous oil and gas, coals and palm oil.
“Investments in infrastructure to support tourism sector would be highly attractive for both domestic and foreign investors in the future,” Head of Indonesia’s
Investment Coordination Agency (BKPM) Thomas Lembong said in his remarks at the event attended by more than 400 foreign and domestic investors.
Thomas added that investment in the nation’s new prioritized sector now grows 18 percent per year, making it highly prospective for investors willing to plunge in vibrant tourism businesses.
Tourism Minister Arief Yahya said involvement of investors to boost national tourism sector is essential as the nation has limited budget in financing projects in the sector, particularly in developing the new 10 tour destinations.
The minister said Indonesia expects to get 678.8 trillion rupiah (about 50.8 billion U.S. Dollars) of new investments in the 10 new tour destinations.
“The investors were expected to build the hotels, resorts, cafes and organize the attractions in each destination, making visitors more comfortable, willing to stay longer there,” the minister said.
He added that government would provide infrastructures comprised of electricity and water supplies, roads and telecommunications to support the operation of hospitality accommodations ran by the investors.
Indonesia now requires huge investments in tourism sector as total materialized investment in tourism sector only stood at 51.2 trillion rupiah (about 3.8 billion U.S. Dollars) in the last five years.