Indonesia anticipates a significant tourism surge with a new partnership with Eagle Hills, a leading UAE property developer. The Ministry of State-Owned Enterprises (SOEs) signed a Memorandum of Understanding (MoU) for an ambitious USD 3 billion (INR 24,700 crore) investment. The collaboration aims to enhance tourism infrastructure across Indonesia's vast archipelago of over 17,000 islands. Key projects include upgrading Soekarno-Hatta International Airport in Jakarta and renovating state-owned hotels to international standards. This initiative aligns with Indonesia's economic diversification strategy and is expected to spur job creation and economic growth, marking a pivotal moment for Indonesia's tourism industry.
Indonesia is set for a major tourism boost thanks to a new partnership with the United Arab Emirates (UAE). The Ministry of State-Owned Enterprises (SOEs) in Indonesia signed a Memorandum of Understanding (MoU) with Eagle Hills, a prominent UAE property developer.
This agreement outlines plans for a significant investment of up to USD 3 billion (approximately INR 24,700 crore) in Indonesia's tourism sector and infrastructure. The focus will be on creating new and enhancing existing tourist destinations across Indonesia's over 17,000 islands. Additionally, airports, particularly Soekarno-Hatta International Airport in Jakarta, will receive infrastructure upgrades to improve capacity and efficiency for handling more tourists. State-owned hotels will also be renovated and upgraded to meet international standards, offering a more luxurious experience for visitors. The partnership includes collaboration through workshops, training programs, and joint studies to share expertise and best practices in tourism development.
This collaboration is expected to significantly benefit Indonesia's tourism industry. Minister Erick Thohir, head of Indonesia's SOEs, expressed optimism about the agreement, stating it will create "unprecedented growth and development" in tourism. The project aligns with Indonesia's national strategy to diversify the economy and become a leading global tourist destination. Additionally, the investment of USD 3 billion is expected to create new jobs and contribute to overall economic growth.
The partnership with Eagle Hills is part of a larger initiative by the Indonesian government to attract foreign investment and expertise. The Ministry of SOEs is actively seeking collaborations between Indonesian state-owned companies and global partners to boost productivity across various sectors. Similar partnerships already exist in healthcare, clean energy, and electric vehicle manufacturing.
This landmark agreement signals a bright future for Indonesia's tourism industry. The investment will create modern infrastructure, upgraded hotels, and exciting new destinations, attracting more tourists and contributing positively to the Indonesian economy.
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