Indonesia Takes Home $52.9 Million Tourism Investments at 2024 ITIF
Jakarta. Indonesia has attracted potential investment deals worth around $52.9 million at the 2024 International Tourism Investment Forum (ITIF), the government announced on Monday.
According to Tourism Ministry’s senior official Nia Niscaya, the event, which took place in June, saw 750 participants coming from 29 countries. The forum also had 445 potential investors.
“The potential investments are worth around $52.9 million,” Nia told the press.
Some of the business deals include one that involved the Labuan Bajo Flores Tourism Authority and the East Nusa Tenggara branch of the state utility firm PLN. They have signed a memorandum of understanding (MoU) on an investment deal related to the Parapuar Park. According to Nia, progress is underway for the investment deals that Indonesian tourism has booked at 2024 ITIF as the project has already seen the installation of electric poles.
“It is beginning to take shape,” Nia said.
The Lake Toba Tourism Agency and the hospitality firm Agung Toba Nauli also inked a Lake View cooperation MoU at the 2024 ITIF.
Other deals include a cable car project in Ciater. French cable car company POMA has agreed to take part in the project. Signing the MoU at the event was Kamara Citra Destinasi Indonesia as POMA’s representative and Sari Bumi Mas.
JTA International Investment Holding and movie director Hanung Bramantyo also agreed to work together for a Gamplong studio.
Tags: Keywords:
as a preferred
Related Articles
Tourism Investment Still Concentrated in Jakarta, Bali: Minister
Indonesia is seeking to spread tourism investment beyond Jakarta and Bali, where 76.5% of investment is concentrated.
Is Komodo Island Safe? What Tourists Need to Know After Eastern Indonesia’s 7.7 Earthquake
Some NTT attractions remain closed after the 7.7 quake, while Labuan Bajo and Komodo National Park have largely reopened.
‘Low-Quality Tourists’: Indonesia Immigration Chief Opposes Wider Visa-Free Access
Indonesia’s immigration chief warned that expanding visa-free entry could hurt security and fail to boost tourism revenue.
Indonesia Targets Up to 19.1 Million Foreign Tourists in 2027
Indonesia targets up to 19.1 million foreign tourists and $28.6 billion in tourism revenue in 2027.
Tourism Ministry Targets Illegal Villa Rentals Sold on Social Media
Indonesia is tightening oversight of villa rentals and online travel platforms as authorities warn of rising accommodation scams.The Latest
UN Boss Commends Indonesian Forest Protection Despite Persistent Haze Problem
Outgoing UN boss António Guterres' comment comes at an ironic time amid Indonesia's struggle with forest fires.
Indonesia Must Benefit Most From Its Minerals: UN Chief
Outgoing UN chief António Guterres says that Indonesia must "retain a far greater share of the economic value" from its minerals.
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.Most Popular
