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Indonesia Tries to Attract Saudi Arabian Investors to Invest in Property

by Sebastianus Epifany Tuesday, January 16, 2018 - 11:06

JAKARTA - The Indonesian Transportation Ministry seeks to encourage investors from Saudi Arabia to invest in Indonesia's property and infrastructure sectors. This was disclosed by Indonesia Transportation Minister, Budi Karya Sumadi, in the event of Saudi Arabia Property Investor Conference (15/1).

Indonesia is now focused on developing the infrastructure sector and has huge potential in the property sector. Good bilateral relations and the growing transport connectivity between the two countries are one of the foundations to attract Saudi investors to invest in Indonesia.

"On one side, there’s a lot of our people goes to Saudi Arabia and there are many flights to go there so it's allowing Saudi Arabia investors to invest, holiday and reside in Indonesia because usually if there is demand then the property will grow and it will be built," said Budi Karya Sumadi as reported from (1/16/2018).

Furthermore, Menhub said that Indonesia is currently initiating to develop 4 tourist destination areas after Bali, namely Lake Toba, Yogyakarta, Mandalika and Labuan Bajo.

"The four areas are all great because the land prices are still cheap and the infrastructure is being built so if they invest there, it will give a good return and certainly will add a lot of flight connectivity," added Minister of Transport.

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