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A new Bali
A new Bali is approaching thanks to Australian investors
Indonesia is pushing for Australian investors to help recreate Nusa Dua – a high-end resort enclave in Bali – in an underdeveloped tourist destination in Eastern Indonesia as part of its drive to attract more Australian investment.
The Indonesian government has flagged that investment along with household consumption will be the key drivers of GDP growth next year. The president would like to see Indonesia jump from 91st to 40th place in the world Bank’s report on Ease of Doing Business in Indonesia.
A new Bali: Indonesia pushes for Australian investment in tourism and infrastructure
Minister for National Development Planning Professor Bambang Brodjonegoro recently returned from a five-city “roadshow” 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.
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.
Last year, Australia’s investment in Indonesia stood at $9.16 billion compared to the cumulative total in the US of $617.4 billion. The DFAT submission said in 2015 Indonesia ranked 23rd as a destination for Australian outward investment.