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Jumat, 20 September 2024

Ministry of Investment/BKPM Encourages Sustainable Investment in Tourism Sector during Regional Investment Forum

Bali, 20 September 2024 —Ministry of Investment/Investment Coordinating Board (BKPM) held the Regional Investment Forum (RIF) on Wednesday (18/9) at The Stones Hotel, Legian, Bali. RIF is an annual investment forum that convenes three times a year and the one held in Bali became the closing to this year’s proceedings after previously being held in Batam, which represented the Western part of Indonesia, and Makassar that represented the Eastern part of Indonesia. Bali was chosen as the location for Central Indonesia. This event manifested in window shopping with orations of potential investment projects from the region and a panel discussion with the theme of “Introducing the Eminence of Nature and Culture: Increasing Sustainable Investment in the Tourism Sector”.

Keynote speaker Deputy of Investment Promotion Nurul Ichwan delivered the importance of increasing the realization of domestic direct investment (DDI), including through the tourism sector. Along with the increase of target realization over the years, it was hoped that DDI could surpass foreign direct investment (FDI) realization.

“The high level of DDI realization is important for us because with a DDI higher than FDI, that means all the endeavors that we do, starting from the assets, the capital, the local expertise, that is all owned domestically. Including when there is profit or dividend from the business activity, it can remain in the country; unlike FDA,” explained Nurul.


Representing the Badung Regent, I Made Agus Aryawan, Head of the Capital Investment and One-Stop Integrated Services Agency (DPMPTSP) of the Badung Regency, conveyed appreciation toward the convention of this investment forum in Bali. The more the tourism potential gets disseminated to the public, it is hoped that the more investment gets in.


“Regional Investment Forum is a very strategic event that brings together various parties, be it from the central, regional government, or businesses so we can push the growth of investment together and reach the target that has been set by the government,” said I Made Agus Aryawan in his opening remarks.


Bali Province has in this year’s first half logged investment realization of Rp 18 trillion, nearly equal to what it achieved last year. The tourism sector (hotel and restaurant), which is one of the most dominant sectors in Bali, has in the past five years achieved investment realization of Rp 31 trillion or 36.3% of the total investment realization in Bali. DDI realization in the past five years rested at Rp 15.19 trillion or 48.7% of Bali Province’s investment realization in the tourism sector.


RIF is hoped to be an event for regional governments to promote the potential investment of their respective region to businesses, particularly in the tourism sector. It also served as an opportunity for the respective parties to interact and delve deeper into new investments in the future. The event was attended by circa 100 participants from provincial and regental DPMPTSP representatives from within and outside Bali, tourism business associations as well as company representatives from within and outside Bali.


This event also hosted one-on-one meetings which became a place for investors to dive deeper into potential investment offered by several institutions such as Borobudur Tourism Authority Board (BOP), Likupang Special Economic Zone (SEZ) Authority, and Provincial Governments of Bali, Central Java, Banten, East Java and Central Kalimantan.


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