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Foreign Investment Dominates in Bali

Foreign Investment in Tourism Projects Predominate in Bali's Investment Profile.

Bali News: Bali, Indonesia, BKPM, foreign investment, Nyoman Suwirya Patra
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(11/6/2010) quotes the Bali Investment Coordinating Board (BKPM-Bali) as saying that Rp. 5.8 trillion (US$630 million) in new investments were recorded in Bali through the end of the third quarter 2010. This figure has easily surpassed a targeted Rp. 3.1 trillion (US$337 million) set by the BKPM-Bali, while also easily outpacing investments in 2009 which only hit Rp. 2.29 trillion (US$249 million).

The head of the BKPM-Bali, Nyoman Suwirya Patra, said he was somewhat shocked to learn that 98% of the investments made in the current year in Bali come from foreign investors, primarily in tourism-related projects.

Although the strong investment performance speaks well for the economic vibrancy of Bali tourism, Suwirya complained that investment activities remained focused on the southern island regencies of Badung and Denpasar, leaving the more remote areas of Bali bereft of the economic benefits brought through new business activities.

Suwirya points to the strong investment in Bali tourism as proof that the island remains a top world tourism destination and has successfully managed to cultivate a reputation for safety and security.

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