Jakarta. The Ministry of Tourism and the Financial Services Authority, or OJK, have signed a memorandum of understanding to boost Indonesia's tourism industry, OJK chairman Muliaman Hadad said on Tuesday (16/05) at a discussion on tourism sector financing in Jakarta.
"If tourism progresses, it will drive development in other industries as well such as hospitality, transportation, handicraft and food and beverage industries," Muliaman said.
"The development of 10 new tourist destinations in the country has a huge potential to increase Indonesia's gross domestic product," Muliaman said.
Muliaman referred to the ministry's plans to develop 10 destinations, referred to as "Bali Baru" ("New Bali"): Bangka Belitung Islands, Lake Toba in North Sumatra, Tanjung Lesung in Banten, Thousand Islands in Jakarta, Kota Tua Jakarta, Borobudur Temple in Central Java, Bromo Tengger Semeru National Park in East Java, Mandalika in West Nusa Tenggara, Labuan Bajo in East Nusa Tenggara, Wakatobi in Southeast Sulawesi and Morotai in North Maluku.
OJK plans to provide funds to support development projects in the destinations.
"OJK [believes] in the potential of the tourism industry, we will increase credit, or financing and direct investment toward this project," Muliaman said.