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Government dubs Trump-backed MNC park as SEZ
The government has announced the development of MNC Lido City, a combined theme park, movie studio and golf club, as an SEZ to be developed by tycoon Hary Tanoesoedibjo's MNC Group.
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President Joko “Jokowi” Widodo (foreground, second right) walks alongside United Indonesia Party (Perindo) chairman Hary Tanoesoedibjo (right) during the party's national meeting on [DATE]. Hary is also executive chair of the MNC Group, which is to develop the Lido special economic zone. (Antara/Akbar Nugroho Gumay)
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span style="background-color:#FFFFFF;">The National Special Economic Zone Committee has named a theme park project supported by former US president Donald Trump that is located in Lido, West Java, as a special economic zone (SEZ), making it eligible to receive tax breaks from the government.
The Lido SEZ, also known as MNC Lido City, is estimated to attract investments worth US$2.4 billion and employ 29,545 people over the next 20 years.
“We hope that the Lido SEZ will promote tourism in Indonesia. Tourists coming to West Java must have international quality, they have to be premium [tourists] bringing in premium foreign exchange,” Coordinating Economic Affairs Minister Airlangga Hartarto said in a press statement on Thursday.
Indonesian tycoon Hary Tanoesoedibjo, who is also executive chairman of the MNC Group, first announced in 2017 the plan to develop a world-class theme park with a resort and a golf course in the area in partnership with the Trump Organization.
The Trump Hotel Collection is to manage a resort, a golf course and a country club, as well as other facilities to be developed on around 700 hectares of the Lido SEZ.
The Joko Widodo administration, in which Hary’s daughter Angela is the current Tourism and Creative Economy deputy minister, last week announced the Lido SEZ in Bogor regency and the Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java as the country’s latest SEZs.
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