Govt Seeks $1.9 Billion in Investment

DENPASAR

The Bali government has set an investment target of Rp18.3 trillion (US$1.9 billion) for this year, with the bulk of the funds expected to go to the tourism sector in the south.

The figure is slightly up on 2011 investments in Bali worth Rp16.2 trillion, said Gede Suarjana of the government’s Development Office.

Healthcare and transportation were other areas that investors were keen on, he said, as well as agriculture.

Suarjana acknowledged a disparity in external investment funds pouring into southern parts of Bali to the detriment of other areas of the island.

But he said a reason for this was a lack of infrastructure in those areas that did not inspire investor confidence.

The Development Office has forecast Bali’s economic growth this year at a rapid clip of 6.7 percent.



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3 Responses to “Govt Seeks $1.9 Billion in Investment”

  1. henry Says:

    Oh yes?….does this mean more ugly western hotel and villa development?…More western fast food outlets?…..more western sportsbars?..I am not liking the way Bali is going.

  2. LYNDON Says:

    I agree with Henry. The natural charm and beauty of Bali and its people should be protected. This is one of the main reasons that people visit Bali.

  3. Muhammad Says:

    The idea that the natural charm and beauty of Bali and its people are the main reasons why people visit Bali is no doubt true. However, Balinese people and authorities have to constanly explore how to develop Bali to ensure its competetive. Recent developments have not stopped tourists coming in and also world tourism sector is constantly changing and Bali should develop and remain competitive.

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