Number I | September 2016 Number IV | January 2017
More articles available at : www . kemlu . go . id / chicago
Trade & Investment Bulletin
Indonesia Investment Board Upbeat about 2017 , Tourism Potential
Photo : one of the luxurious hotel in the Island of Bali
EDITOR ’ S NOTE
Dear Readers ,
Indonesia ’ s tourism sector is highly potential for investment . The government of Indonesia is developing 10 emerging tourist destinations to boost the arrivals of foreign tourist . Indonesia has targeted to achieve 20 million tourists a year by 2020 , nearly double the current figure of around 12 million per year .
In line with that ambitious target , Indonesia is now developing its infrastructure quality by building new roads , toll roads , seaports , airport , including new hotels . The government is reforming its investment-related policies and providing tax incentives , tax allowance , and exemption from import duties to attract more investments .
Indonesia ’ s economy keep increasing positive amid the downturn of global economic slowdown . Its GDP grows 5.1 percent in 2016 and is expected to grow 5.2 – 5.4 percent in 2017 .
The Investment Coordinating Board ( BKPM ) says Indonesia remains attractive for foreign investors and is maintaining an optimistic investment outlook for next year , eyeing tourism as the key contributor to investment growth .
BKPM chief Thomas Lembong said his office was confident that the realized investment target of IDR 592 trillion ( US $ 43.97 billion ) would be met this year , and therefore a larger goal could be set for 2017 .
He added that one of the major sectors expected to boost cash inflows was tourism as reportedly , foreign investors had expressed the most interest in tapping into Indonesia ’ s underdeveloped yet promising tourism sector .
“ Luckily , it [ tourism ] shined in the eyes of several investors who came to Jakarta for the Forbes Global Conference ,” Thomas recently said .
Indonesia , the world ’ s biggest archipelago with more than 17,000 islands , is seeking to spur significant growth in the tourism sector in a bid to lure 20 million tourists a year by 2019 , nearly double the current figure of around 12 million per year .
To lure people , particularly those who only holiday on the world ’ s most visited island of Bali , to other scenic spots , the government is working on developing 10 other destinations , including Lake Toba in North Sumatra , Borobudur Temple in Central Java and Thousands Islands in Jakarta .
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For more detail information please contact : Economics Affairs - Consulate General of the Republic of Indonesia 211 W . Wacker Drive # 8 Chicago , Illinois 60606 Phone : 312.920.1880 Fax : 312.920.1881 Email : eni . hartati @ indonesiachicago . org Website : www . kemlu . go . id / Chicago
Number IV / January 2017 | Trade & Investment Bulletin 1