Indonesia Investment Club to invest over $758m in tourism sector

Indonesia Investment Club to invest over $758m in tourism sector

Chairman of OJK Muliaman Hadad (Left) and Tourism Minister Arief Yahya (Right) - Photo by VIncencia NLS

Indonesia Investment Club (IIC) – whose members are pension funds, insurance firms, non-bank financial institutions  –  is looking at an investment of up to Rp10 trillion ($757.58 billion) in the country’s tourism sector in 2016. The investment is expected to boost foreign exchange reserves to $20 billion in the next five years from the current amount of $10 billion.

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