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Investment pouring in to Mandalika economic zone

 

Pesona Indonesia

Jakarta  /  Sat, October 21, 2017  /  04:06 pm
Investment pouring in to Mandalika economic zone

A woman posing as Princess Mandalika joins the cultural parade during the Bau Nyale Festival in Praya, Central Lombok. (JP/Panca Nugraha)

The inauguration of KEK Mandalika in Lombok, West Nusa Tenggara (NTB), is seen as a huge achievement for Indonesia Tourism Development Corporate (ITDC), the developer of Mandalika.

ITDC president director Abdulbar M. Mansoer said he’s hopeful that KEK Mandalika would be able to create a huge multiplier effect for the locals.

ITDC has so far been developing the infrastructure in the central area, which include 10 new units of homestay, restaurant, café and retail shop.

“The number will increase along with the ongoing development. In the next five years, KEK Mandalika is estimated to be able to create almost 5,000 jobs,” said Abdulbar.

ITDC is also organizing the public area in Kuta Mandalika Beach and developing a micro, small and medium enterprises (UMKM) space.

By 2018, ITDC is expected to finish the basic infrastructure project such as a 17-kilometer main road, water distribution pipe and PLN electrical grid.

So far, it has finished working on the first stage of clean water management that uses the Sea Water Reverse Osmosis (SWRO) technology, which was first implemented in November 2016.

Regarding halal tourism, NTB is home to Nurul Bilad Mandalika Mosque that adopts the local design of Bayan Mosque in North Lombok and Beleq Sembalun traditional building. This mosque has a total area of five hectares and is able to welcome 5,500 people.

“With an integrated service, the process of obtaining an investor permit can be done in three hours. With the total area of 1,175 hectares and the ease of processing the investor permit, we are hopeful that we'll be able to attract more investors,” Abdulbar told.

Currently seven investors have signed the MoU agreement with ITDC. Five of them have signed the Land Use & Development Agreement (LUDA) with the total investment of Rp 6.2 trillion (US$459 million).

Moreover, in the near future several investors are set to start their hotel constructions, including Royal Tulip Hotel (by a South Korean investor), Pullman Hotel (by ITDC), Paramount Hotel (by an American investor), X2 Hotel (by an Indonesian investor, and ClubMed Hotel (by ITDC).

ITDC is targeting to provide 1,200 hotel rooms by 2019.

Other than the aforementioned seven investors, ITDC has also partnered up with Vinci Grand Project, a French state-owned enterprise, to develop the 120-hectare Mandalika Street Race Circuit Cluster with an investment value of Rp 6.7 trillion.

In total, the amount of investment that KEK Mandalika has received is Rp 12.7 trillion.

The circuit cluster will be home to seven hotels and a convention center and is expected to be done in 2019. (kes)

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