The Mandalika Special Economic Zone (KEK Mandalika) began operations after being launched by President Joko Widodo (Jokowi) on Friday

The Mandalika Special Economic Zone (KEK Mandalika) began operations after being launched by President Joko Widodo (Jokowi) on Friday

$3 Billion Mandalika Project: A sustainable development for Lombok including a notable emphasis on sustainable energy and the latest in green technology

In the 2017-2018 edition, a total of 140 countries are analyzed (using 12 pillars of competitiveness) and ranked by World Economic Forum, a Swiss non-profit foundation.

Club Med, the pioneer of the Premium All-Inclusive holiday concept, has announced plans to open Club Med Lombok.

At a high level, the Association of Southeast Asian Nations (ASEAN) region is a market that is hard to describe in one stroke because there is limited economic commonality between the various countries that are contained within the region.

The airport visit is aimed at introducing a new business opportunity in the district, including in the Aerocity zone set up nearby the airbase, Foreign Affairs Ministry said in its written statement received by Antara in Jakarta.

Here are five countries typically described by business consultants, lenders and investors as the best places for foreign investors in Asia.

Real estate investment company Invest Islands made a partnership with Bank of China Hong Kong to offer investors the opportunity to invest in the booming market of Indonesia.

ASEAN’s premier business conglomerate, SCG, is holding a comprehensive discussion forum, Investment Forum 2017.

The power purchase agreements [PPAs] are for the generated electricity from three solar parks of 21 MW in total in Lombok.

Data from the Central Statistic agency shows 4.2 million foreign tourists visited Indonesia from January to June, a 19.34 % increase from the same period a year earlier, which saw 3.52 million visitors.

It would be built on a 20 hectare plot of land and would cost roughly Rp 1.5 trillion [US$113 million]. This year the government allocates Rp 130 billion from the budget and Rp 180 billion in 2018 for the construction.

For Indonesia and in particular Lombok island West Nusa Tenggara, thanks to developments such as the international airport and the Mandalika Resort, achieving its goal of 20 million tourists by 2019 doesn’t seem far-fetched.

By cultivating its natural advantages, Lombok, West Nusa Tenggara’s main island, is rapidly developing its economy and emerging as a regional hub.