JAKARTA: Indonesia has launched the Indonesia Tourism Investor Club (ITIC), a new initiative designed to enhance communication among investors, policymakers, and local authorities.
Its founder Teguh Anantawikrama, in a statement on Tuesday (Aug 20), said the ITIC will offer its members access to market analysis, investment trends, and up-to-date information on opportunities within the sector.
It was established in response to feedback from the Indonesia Tourism Investment Forum (ITIF), in which investors had requested a more regular and focused platform for communication.
"These meetings are crucial for investors needing updates on the economy and new tourism projects," he explained, adding that many investment opportunities remain unknown to them.
"Our goal is to create a club that, while exclusive, will continuously update members on regional investment developments and new projects," he noted.
Tourism and Creative Economy Minister Sandiaga Salahuddin Uno praised the ITIC as a valuable tool for connecting investors in the tourism sector.
"This initiative fosters innovative thinking to drive investment and address our investment needs," he said during the weekly meeting at the ministry on Monday (Aug 19).
In the first half of 2024, Indonesia's tourism investments totalled IDR 23.71 trillion (about US$1.58 billion), with 61 per cent coming from foreign investors, including Singapore, India, and Australia.