Central Java’s tourism investments under 10 percent

Semarang - All this time investments in tourism sector in Central Java are deemed to be low as the sum is below 10 percent of total investments. The condition is triggered by lack of promotions conducted by related sides. Data of Central Java’s Investment Board (BPM) received recently here revealed that for the period 1997 to date domestic direct investments (DDIs) in accommodations, restaurants, and travel agents, reached Rp 507 billion, in the meantime for foreign direct investments (FDIs), they hit the figure of Rp 247 billion and US$27 million.
The potentials of the region in natural beauties, cultures, and historical stuffs are acknowledged to be highly potential for tourism, but the interests of investors to exploit them are not clearly seen yet.

The head of Central Java’s BPM, Yeru Salimianto, said that all this time investments had tended to go to furniture, textile, agro, edible oil processing, and fishery industry. Also there remain some projects that have not been realized yet, tough having been approved.
In the other investments in tourism sector are mostly for hotels, recreational places, restaurants, and entertainment spots with favorite locations Semarang and Solo.
He has an upbeat view that investments in hotels will continue to rise due to the promising markets and the many events whether national or regional level held in the province.
The BPM expects the trade, tourism, and investment exhibition held at the 600 years of Cheng Ho in Semarang in the near future will be a medium for capital owners to put investments in Central Java.

The celebration of the six centuries of Cheng Ho that is going to be held in Semarang soon, will be attended by some foreign countries; hence it will be a perfect moment to promote the potentials of the region.
In addition, via Java Trading House (JTH) that is going to be inaugurated on May 26, 2005 in Rotterdam (the Netherlands), the Central Java’s BPM hopes that the opportunities to invest in the province’s tourism sector will interest European countries.
The JTH, he said, would be an information center and medium for investors to set capitals in Central Java. “We really expect JTH to be the gate to introduce all the potentials owned by Central Java to foreign investors.” *pry/ant

THE DOOR IS OPEN-Central Java needs investments for its tourism. Tourism related sides here should start to optimize the province’s potentials as it would attract the expected investments.

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