From Government of Indonesia

ASEAN Tourism Investment Forum for Bali

Indonesia is scheduled to host the ASEAN Tourism Investment Forum (ATIF) in Bali on September 20, the Tourism and Culture Departmentís Director General for Tourist Destination Development Sambudjo Parikesit said on Tuesday (17/4/07).

ATIF, to be held for the second time in Bali, aims to invite ASEAN countries to invest in the tourism sector, Sambudjo said, according to Antara. "We will invite prospective investors from the ASEAN and Middle East to invest in Indonesia."

Emaar International, an investor from Dubai, United Arab Emirates, will build resorts, hotels and recreational sites at Mandalika Beach, Central Lombok, while Limitless, another investor from the Middle East, is also interested in making an investment in Indonesia, he said.

"Limitless wishes to invest in the retail and residence businesses in Jakarta, and the retail, residence and tourism businesses in Bali," he said. "They want to conduct a feasibility study first on the relevant financial aspect and regulations."

Emaar International will sign a memorandum of understanding on investment late this month, he said.
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