Govt Seeks $1.9 Billion in Investment
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.