Investment in Indonesia
The tourism industry in Indonesia accounts for approximately 4% of Indonesian GDP, however by 2019 the Government of Indonesia plans to increase this to 8% of GDP; and is making a significant investment in infrastructure and marketing to achieve this target.
Global trends show Asia is becoming the fastest growing tourism market in the world and the highly successful international marketing campaign, “Wonderful Indonesia”, is putting Indonesia at the forefront of this.
Flores is emerging as the most exciting new destination for tourists in Indonesia. It is fast becoming an alternative as well as a complement to Asia’s most visited tourist destination and investment attraction – Bali.
In fact, Flores is seen by many tourism investments and lifestyle experts as the ‘new Bali’.
Successful investment is about timing. There are so many compelling reasons why now is the right time for investment in Indonesia, and in particular in Flores:
- S&P recently upgraded Indonesia to investment grade, which is a huge boost to serious investors and projects developers alike. See Article
- A recent review done by Business Insider US, and featured on Business Insider Singapore, determines that Indonesia is the second most favourable country for foreign investment. See Article
- The World Bank has a strong focus on supporting investment and growth in Indonesia. The 2018 World Bank conference will be held in Bali and delegates will be visiting priority destinations including Labuan Bajo. See Article
- The Indonesian Government has made a significant commitment to tourism investment in Flores with the “Beyond Bali” campaign, which was launched by the Indonesian government – See Article 1, See Article 2
- Indonesia offers vast opportunities for Singaporean investors See Article
- Indonesia pushes for Australian investment in tourism and infrastructure See Article
- Investment from China has grown over 92% year on year with China being Indonesia’s third biggest investor See Article
- The Indonesian Ministry of Tourism is seeking up to RP 90 trillion (USD 6.8 billion) of investment in ten “Beyond-Bali” tourism destinations to accelerate their promotion. Labuan Bajo, which is one of the ten destinations, has been designated by the government as a special economic zone. See Article