Thursday, December 26, 2024

Indonesia invites Chinese health industry to invest in traditional medicine

Reading Time: < 1 minute
Julian Isaac

Journalist

Editor

Interview

Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, invites Chinese health industry professionals, particularly those in traditional medicine, to consider investing in Indonesia.

“I am offering broader investment opportunities because Tian Jin Hospital, one of the forum’s participants, excels in traditional medicine techniques,” Sandiaga said on Sunday, May 19, 2024.

He noted that Tian Jin Hospital can treat over a thousand patients daily, a significant advantage that could be introduced to the region with Bali serving as a central hub. This initiative aims to attract tourists not only from Indonesia but also from other ASEAN countries.

Sandiaga cited that in 2020, the potential for traditional medicine in Indonesia was ranked 12th globally, with a market value of US$5 trillion.

The Indonesian government is developing special economic zones focused on health, including one at Kura-Kura Sanur, which will offer various facilities, incentives, and conveniences to investors.

“The Special Economic Zone in Sanur aims to attract more than US$3 to 5 billion in total investment. This is what we are currently promoting,” Sandiaga said.

He also commended the organization of the “2024 First China-ASEAN International Forum on Traditional Medicine” in Bali, noting that it not only expands the potential for health tourism development but also strengthens Indonesia’s position, particularly Bali, as a world-class MICE (Meetings, Incentives, Conferences, and Exhibitions) destination.

“This is part of the development of health-based tourism, and I directly invited them to hold the next forum in Bali as part of strengthening health-based tourism in Indonesia,” Sandiaga said.

Through this event, the Minister hopes to increase tourist arrivals from China, particularly attracting high-quality tourists.

Julian Isaac

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

The Indonesian Defense University, in collaboration with German pumps and pump systems manufacturer Wilo, held a guest lecture themed “Pump Systems Working Principles and Practical Applications” on Wednesday, December 18, 2024.
The Tanzanian government delegation met with the Ministry of Energy and Mineral Resources (ESDM) to discuss Pertamina’s investment plan in Tanzania and learn about processing Liquefied Natural Gas (LNG) with Indonesia.
Indonesia and Norway have launched the fourth phase of their result-based contribution (RBC) partnership, committing US$60 million (Rp952 billion) based on emission reductions achieved during the 2019-2020 period.
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani emphasizes that Indonesia has great potentials and is the right business partner for multinational companies, in particular European ones.
Nvidia, a technology company from the United States, has set up an artificial intelligence (AI) research and development center and data center in Vietnam following an agreement signed on Thursday, December 5, 2024 in Hanoi, attended by Nvidia CEO Jensen Huang and Vietnamese Prime Minister Pham Minh Chinh.
The 19th Senior Officials Meeting of the Coral Triangle Initiative on Coral Reefs, Fisheries, and Food Security (CTI-CFF) that was held in Dili, Timor Leste on Monday-Friday, December 2-6, 2024 have resulted in several conservation targets aimed at addressing overfishing, climate change, and pollution.