Speaking at a press conference on Thursday (14/3/24,) Indonesia’s Tourism and Creative Economy Minister, Sandiaga Uno said that the total value of investment secured in the tourism and creative economy sectors in the new capital city (IKN) Nusantara through the International Tourism Investment Forum (ITIF) 2023, has reached IDR 5.3-trillion (approx. USD 340-million), according to reporting from Antara News.
Sandiaga explained that PT Pakuwon Jati Tbk (PWON) invested capital totaling IDR 5-trillion (approx. USD 320-million) to develop a superblock, while PT ARCS House Wisata Indonesia invested IDR 300-billion (approx. USD 19-million) to build the Jambuluwuk Hotel and Resort in Indonesia’s future capital city.
President Jokowi launched the Pakuwon Nusantara Project encompassing apartments, hotels, and malls on November 1 last year and broke ground for the construction of the Jambuluwuk Hotel and Resort on January 17, 2024, report Antara News.
Sandiaga said that the development of the hotels is expected to be completed before the celebration of the 79th anniversary of Indonesia’s Independence Day on August 17 this year in Nusantara.
He noted that the value of the gross domestic regional product of East Kalimantan, the host province of Nusantara, stood at IDR 524-trillion (approx. USD 33.6-billion) last year, with the tourism and creative economy sectors contributing IDR 9.14-trillion (approx. USD 586-billion) and IDR 29.43-trillion (approx. USD 1.8-billion), respectively, according to Antara News.
The minister further affirmed that the Tourism and Creative Economy Ministry would highlight projects of sustainable and quality tourism at the ITIF 2024, scheduled for June, in a bid to rope in more investments, adding that his office plans to collaborate with Danish influencers to help promote Indonesia’s tourism appeal.
Source: Antara News
Stock photo by Josue Isai Ramos Figueroa on Unsplash
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