Central Lombok, W. Nusa Tenggara. InJourney Tourism Development Corporation (ITDC) has secured new foreign investment in Mandalika Special Economic Zone, signing a land utilization agreement with a Spanish-linked investor to develop high-end tourism accommodation in the resort area on Lombok, West Nusa Tenggara.

ITDC said on Thursday it had signed a Land Utilization and Development Agreement (LUDA) with SAPO Development Lombok, a foreign direct investment company affiliated with a Spanish investor group. The agreement covers two plots, , within the Mandalika integrated tourism zone in Central Lombok, West Nusa Tenggara province.

Under the deal, SAPO Development Lombok will develop premium villas targeting high-spending leisure travelers seeking experiential stays that combine exclusive services with natural surroundings and local cultural elements.

“This collaboration shows that The Mandalika is gaining stronger trust as a well-managed investment area with clear legal certainty and sustainable development potential,” said ITDC Commercial Director Febrina Meidiana.

According to ITDC, the Spanish-backed project represents an investment of €2.76 million, or about Rp 54.17 billion ($3.5 million), which will be fully allocated to developing the two land parcels.

With the latest deal, cumulative investment in the Mandalika Special Economic Zone has reached Rp 5.96 trillion as of 2025, reflecting steady inflows from both domestic and foreign investors since the area was developed as an integrated tourism destination.

ITDC attributed the positive investment trend to its long-term area management strategy and consistent government backing for Mandalika, which has been designated one of Indonesia’s “super priority” tourism destinations.

Febrina said all land utilization agreements in Mandalika adhere strictly to the zone’s master plan and design and governance guidelines, aimed at balancing commercial interests with environmental protection and long-term sustainability.

“We are not only pursuing investment value, but also safeguarding the long-term interests of the area,” she said, adding that the approach is intended to prevent fragmented development and maintain Mandalika’s positioning as a premium, globally competitive destination.

Beyond attracting capital, the luxury villa project is expected to generate broader economic benefits for local communities, including job creation during construction and operations. ITDC also expects the development to strengthen the local tourism ecosystem, supporting small businesses, transport services and creative economy players across West Nusa Tenggara.

SAPO Development Lombok is backed by Sapo Management, a full-service hotel management company under the Sapo Group. Sapo Management has completed more than 15 tourism-related projects in Lombok, positioning Sapo Developments among the island’s leading property developers. The group also brings international experience from projects in Bali and Hokkaido, Japan.