Australian investors urged to back island development.
Indonesia wants Australian investors to be part of a high-end resort enclave in an underdeveloped tourist destination in eastern Indonesia.
During a five-city road show in Australia, minister for national development planning, Professor Bambang Brodjonegoro, appealed for investment in Indonesian tourism and infrastructure projects.
He said the two countries agreed to promote tourism in Labuan Bajo, a tourist town in Flores that is near Komodo and Rinka islands, the home of the Komodo dragons.
“If we have this project … endorsed by two governments, then hopefully it will attract a bigger appetite for Australian investors to invest in Indonesia and any type of FDI (Foreign Direct Investment) not just tourism,” Bambang told Fairfax newspapers.
The minister said there was an opportunity to create a hotel enclave on Labuan Bajo similar to the one in Nusa Dua, Bali.