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Jakarta Post

Government dubs Trump-backed MNC park as SEZ

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Tue, February 16, 2021   /  05:34 pm
The Jakarta Post Image
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)

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 res...