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Jakarta Post

Trump-backed MNC park declared SEZ

  • Eisya A. Eloksari

    Jakarta

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Jakarta   /   Wed, February 17 2021   /  01:00 am
President Joko “Jokowi” Widodo (fourth right) walks with United Indonesia Party (Perindo) chairman Hary Tanoesoedibjo (right) and Coordinating Political, Legal and Security Minister Wiranto (third left) during a national meeting of the party on Tuesday. (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...