Jakarta. The Qatar Investment Authority, or QIA, on Wednesday (01/08) signed a memorandum of understanding with the Indonesian government to lay out a foundation for a $500 million investment in Indonesia’s tourism industry.
These destinations, which include Lake Toba in North Sumatra, Wakatobi in Southeast Sulawesi and Morotai in North Maluku, are projected to make a significant contribution to Indonesia’s annual gross domestic product (GDP) by 2030.
The agreement was signed by Coordinating Maritime Affairs Minister Luhut Pandjaitan and QIA’s chief executive Sheikh Abdulla bin Mohammed bin Saud al-Thani.
“I am sure this partnership, along with commitments from both parties, will benefit not only our two governments but also Indonesians living close to these destinations. I hope QIA will begin to implement its investment plans in Indonesia soon,” Luhut said, as quoted in a statement issued by the Coordinating Ministry for Maritime Affairs.
Show MoreIndonesia tourismIndonesia-Qatar relations
Thousands Foreign Tourists Evacuated From Gili Islands