Friday, February 23, 2024

Seven investors boosts Mandalika tourism project building various infrastructure projects

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Journalist IBP


Mahinda Arkyasa



Indonesia Tourism Development Corporation (ITDC) signed agreements with investors for tourism development in the Mandalika Special Economic Zone (KEK) in Jakarta. The collaborative effort involved PT Arena Pacu Nusantara, PT ARCS House, PT Istana Putri Mandalika, and PT Ecomarine Indo Putra.

Furthermore, PT Anjasmoro Sukses Mandiri, PT Star Motorsport Indonesia (Porsche), and PT Nora Jelajah Indonesia, which had previously signed agreements with ITDC, were also present at the event.

Ari Respati, the CEO of ITDC, revealed that these agreements amounted to an investment of IDR 1.5 trillion (approximately US$ 104 million). The investments will support various developments within the Mandalika KEK.

The agreements include:

  • A Heads Of Agreement (HOA) with PT Arena Pacu Nusantara for the development of The Horse Tainment Estate or Horse Racing.
  • A Term Sheet Hotel with PT ARCS House for the development of Hotel Jambuluwuk.
  • Cooperation between ITDC and PT Istana Putri Mandalika for the development of Hotel Novotel.
  • An MoU between ITDC’s subsidiary, ITDC Nusantara Properti, and PT Ecomarine Indo Putra for the development of Wibit Water Sport and Circuit Café.

These investments signify a substantial step forward in the development of the Mandalika KEK, contributing to the growth of tourism and the economy in the region.

Aryo Djojohadikusumo, the Founder of PT Arena Pacu Nusantara, announced their commitment to invest a total of IDR 400 billion (approximately US$ 28 million) over less than five years. This investment will be utilized for the development of horse racing facilities, polo fields, beach polo facilities, archery facilities, and horse stables.

The Mandalika KEK is poised to become a major tourism destination, attracting both domestic and international travelers, and these investments will help realize its full potential

Journalist IBP


Mahinda Arkyasa




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