Friday, June 14, 2024

Indonesia invites Chinese health industry to invest in traditional medicine

Reading Time: < 1 minute
Journalist IBP

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.

Journalist IBP

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

President Joko Widodo met with a delegation of the South Korea-United Arab Emirates Business Association at Merdeka Palace in Jakarta on Wednesday, discussing potential investments in Indonesia’s oil refining sector.
Defense Minister Prabowo Subianto met with Saudi Arabia Crown Prince Muhammad bin Salman (MBS) in Jeddah on Wednesday, June 12, 2024, discussing measures to expand Indonesia-Saudi bilateral relations and global issues, including the situation in Palestine.
Coordinating Minister for the Economy, Airlangga Hartarto, says that the government is considering nuclear energy collaboration with Russia to enhance domestic electricity availability and support Indonesia’s energy infrastructure development.
Minister of Defense, Prabowo Subianto, told a recent international forum in Jordan that the establishment of a Palestinian state is the real solution to resolve the ongoing conflict in Gaza.
Amman − Indonesian MInister of Defense, Prabowo Subianto, held a meeting with US Secretary of State Antony John Blinken, in Amman, Jordan, on Tuesday, June 11, 2024, discussing efforts to seek a peaceful solution to the Israel-Palestinian conflict.
Jordan − Indonesian Minister of Defense Prabowo Subianto met with Jordan’s King Abdullah Hussein in Amman, Jordan, on Monday, June 10, 2024. He is in Jordan to attend the high-level conference ‘Call for Action: Urgent Humanitarian Response for Gaza’ held today, June 11, 2024.