THE GREEN FUTURE
A Special Economic Zone
Kuta Mandalika has the status of Special Economic Zone (SEZ) for the agricultural and ecotourism industries which was newly launched by the Indonesian government in 2014. It has benefits for investors in terms of fiscal and non-fiscal incentives. With a total area of 1250 ha, it offers natural beauty, panoramic views, and other tourist attractions.
This undeveloped stunning piece of coastline has so far remained untouched, but with some US$3 Billion investment in Kuta, the project to rebuild a tourism model akin to the success of Bali, is firmly underway. This world-class destination is the largest project of its kind in South East Asia and is backed by the governments Indonesian Tourism Development Corporation (ITCD).
The Mandalika project will comprise of some 10,000 luxury hotel rooms, spread across the residences such as the Pullman, Paramount Resort, Club Med, Royal Tulip, the Grand Mercure Hotel and others still in their initial development phase.
What sets the Mandalika apart is that it is a development trying to avoid some of the traps of previous luxury developments, in neighbouring Bali. With up to 51% designated ‘green space,’ from the outset, the intension of developers is to create something that works in tandem with nature by becoming a template for sustainable development.
By incorporating environmentally friendly technologies such as solar farms and SWRO plants, land power is harnessed, and tech-savvy greenhouses will be used to make the resort more self-supporting by enabling it to to grow food efficiently and organically for its restaurants.
As if this wasn’t enough, the resort will maximise panoramic views, house an electric light rail train to help people move from A to B, house a cable car, theme park, eco-park, water-park and mangrove park – green aspects of which will enhance the Mandalika as a prime new location for Eco-Tourism.
Find out more about the project
Indonesia is set to host a world-class motorbike racing championship event once again – the MotoGP. It has been more than two decades since an event of this kind was held in Indonesia, however, the dream of the MotoGP is alive again after a deal was agreed with Dorna Sport’s MotoGP at the end of 2018. A track is now being developed on the island of Lombok with construction began in October 2019 – a project managed by French construction company Vinci.
The government have high hopes for the much-delayed return of MotoGP to Indonesia after 24 years. It is considered a massive boost for the country’s international profile and highlights how the economy has strengthened. The Indonesian Tourism Development Corporation (ITDC) signed an agreement with Dorna Sports, MotoGP organizers, for a slot in the 2021 MotoGP season. The deal outlines the hosting of the race and development of the circuit. The competition will be hosted within a designated special economic zone for tourism, Mandalika.