DestinationsQIA inks an MOU with Indonesia covering tourism investment.

Indonesia’s ‘10 Balis’ to get a $500 million boost from Qatar

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Mandalika in Lombok, West Nusa Tenggara, one of destinations that Qatar seeks to invest in.
Mandalika in Lombok, West Nusa Tenggara, one of destinations that Qatar seeks to invest in. Photo Credit: Getty Images

The investment will focus on Indonesia’s continuing development of its ‘10 priority destinations’, which include Lake Toba in North Sumatra, Wakatobi in Southeast Sulawesi and Morotai in North Maluku, Jakarta Globe reported.

Qatar is intending to invest US$500 million in Indonesia’s tourism industry with the signing of a memorandum of understanding between Qatar Investment Authority (QIA) and the Indonesian government.

The investment will focus on Indonesia’s continuing development of its ‘10 priority destinations’, which include Lake Toba in North Sumatra, Wakatobi in Southeast Sulawesi and Morotai in North Maluku, Jakarta Globe reported.

The development of new tourism destinations, which aim to replicate the tourism successes of Bali, are projected to make a significant contribution to Indonesia's annual gross domestic product (GDP) by 2030.

The agreement was signed by coordinating maritime affairs minister Luhut Pandjaitan and QIA's chief executive Sheikh Abdulla bin Mohammed bin Saud al-Thani.

According to Sheikh Abdulla, QIA will work closely with the ministry to identify and develop tourism projects in the archipelago. Qatar seeks to invest in Mandalika in Lombok, West Nusa Tenggara.

“I am sure this partnership, along with commitments from both parties, will benefit not only our two governments but also Indonesians living close to these destinations. I hope QIA will begin to implement its investment plans in Indonesia soon,” Luhut said, as quoted in a statement issued by the Coordinating Ministry for Maritime Affairs.

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