Another huge factor to the island’s real estate exponential market growth is the Mandalika Resort Development, Lombok’s most ambitious project to date, and considered by the International Business Times as one of the top holiday destinations in the near future. Spanning a 1,175 ha section of the south coast, with 7.5km of pristine beaches stretching from Kuta to Gerupuk Bay, with an estimated US$3 billion investment, this Mega resort is destined to be Indonesia’s new tourism icon, thanks to the large scale of the development that will offer a full range of facilities, such as:
The Mandalika tourism development zone is being developed by the Bali Tourism Development Corporation (BTDC), the company that successfully developed the Nusa Dua hotel complex, in conjunction with the Indonesian Government. It is a key tourism initiative supporting the overall growth of the tourism in South Lombok.
Mandalika is one of three new special economic zones (KEK) designed by the government as part of the Master Plan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI).
Mandalika Resort: a Special Economical Zone (KEK) –