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Thursday, 11 January 2024 15:13

Indonesia is Still a Magnet for Dubai Investors: Tourism Ministry

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Indonesian Minister of Tourism and Creative Economy, Sandiaga Uno at

VOINews.id, Jakarta: Indonesian Minister of Tourism and Creative Economy, Sandiaga Uno met with Dubai investors and entrepreneurs during his visit to the United Arab Emirates on Thursday-Friday (04-05/01/2023). In The Weekly Brief with Sandi Uno event hosted by the ministry on Wednesday (10/01/2024) in Jakarta, Sandi said that Indonesia is still a magnet for Dubai investors to invest their capital in various sectors, including tourism and the creative economy.

 

This is because Indonesia is considered to have good economics and conveniences provided by the government so far. When meeting with Dubai investors, he also offered the golden visa program and special economic zones for investment in the tourism and creative economy sectors.

 

"The Ministry of Tourism and Creative Economy also offers a Golden Visa program and also several special economic zones that have been formed to accommodate investment interest in the tourism and creative economy sectors," Sandiaga said.

 

Sandiaga further said that Dubai investors are also interested in developing property projects in Indonesia, especially in Indonesia's new capital Nusantara. According to him, the government must move together and collaborate to develop all investment potentials.

 

During his Middle East visit, Minister Sandiaga met the CEO of Al Zarooni Emirates Investments LLC and Chairman of Citizens School Dubai, Dr. Adil Alzaaroni to discuss investment efforts in the education sector; the Chairman of Ayana Holding, Abdulla Lahej about the latest property industry trends; and the Director General of the Dubai Travelers Festival, Awad bin Mohammad bin Sheikh Mugrin about cooperation opportunities in the tourism and creative sectors, communications technology, and renewable energy. He also met the Director Team of Sobha Realty, one of the largest real estate industries in India and the UAE owned by a billionaire, P.N. Menon.

 

Minister Sandiaga explained that this series of visits is expected to increase the investment value in the tourism and creative sector in 2024. In the first semester of 2023, investment value in Indonesia was recorded at US$1,601.28 million. Of this amount, the foreign investment was at US$588.15 million, and domestic investment was at US$1,013.13 million.

 

"We must support this investment condition on an ongoing basis so that this investment is conducive to sustainability, world-class, and competitive and encourages regional development to prosperity," he said.

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