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Lido SEZ can keep $4.1m in tourism spending in the country: Govt
A new special economic zone in Bogor could bring foreign tourists into the country and keep Indonesians from going abroad for theme park experiences, the President hopes.
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MNC Lido City plan (Courtesy of MNC Land/-)
P
resident Joko “Jokowi” Widodo said he wanted the Lido special economic zone (SEZ), located in Bogor, West Java, to help the country reduce outbound travel by Indonesians to famous theme parks abroad.
At least 11 million Indonesians travel abroad for vacations annually, and getting half of them to opt for a domestic alternative could help the country save foreign exchange while providing a boost to local tourism.
“I hope no more of our people will prefer to go on a vacation abroad than in their own country,” Jokowi said in a statement on Friday.
The Lido SEZ is set to house several tourist attractions, such as a theme park, a film studio called Movieland, a water park and a technology park.
Other facilities includes luxury housing, a resort, five-star hotels and a golf course, with the latter two operated by the Trump Organization, a company owned by former United States president Donald Trump, news agency Reuters reported.
Read also: Government dubs Trump-backed MNC park as SEZ
Coordinating Economic Minister Airlangga Hartarto said in a statement on Friday that the SEZ could help reduce foreign exchange outflows related to outbound vacations by US$4.1 billion in the first two decades of operations.
