Australia Eyes Indonesian Mining and Tourism

Head Of the Indonesian Investment Coordinating Board (BKPM), Thomas Trikasih Lembong, predicted that Australia’s investment in Indonesia could increase up to USD 3 billion (around Rp 40 trillion) throughout the next three to five years. Most of Australia’s investment is predicted to be centered on the mining and tourism sector.

“That’s the sum total of the projects we are trying to develop. Two-thirds will be in the mining industry and one-third in the tourism sector, lifestyle, and others,” Thomas said on Tuesday, March 7, 2017.

Thomas explained that Australia’s has an exceptional mining industry. A number of the largest mining companies in the world is owned by Australia, such as EMR Capital, who purchased a gold and silver mine in North Sumatera, and Newcrest, who is currently operating the gold mine in North Maluku.

In addition, Thomas said that the Indonesian government is really interested in cooperating with Australia in the tourism sector.

“Many tourists from Japan, China, and Indonesia travel to Australia. They have great taste, management, and good designs. We need that in order to develop Indonesian tourism sector,” Thomas said.

Currently, according to Thomas, Indonesian and Australian officials are committed to developing both countries’ tourism sector, especially coastal and maritime tourism. Thomas stated that Indonesia owns a varied number of islands and diving tourist destinations.

“But we don’t have a maritime tourism industry, while Australia has a good reputation in yacht spots,” Thomas said.

Australian Minister for Trade, Tourism, and Investment Steven Ciobo, stated that Indonesia could develop many tourist destinations in addition to Bali. Ciobo asserted that by having investments reeling in and the development of various infrastructures across regions, the number of tourists entering Indonesia can significantly increase.

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