Danantara Indonesia, in collaboration with the Qatar Investment Authority (QIA), has announced a strategic investment in Labuan Bajo, East Nusa Tenggara.

This project focuses on greenfield development, including the construction of tourism facilities from the ground up. The investment aims to develop a super-priority tourism destination in Labuan Bajo while enhancing Indonesia’s global appeal.

Danantara Indonesia’s Chief Investment Officer, Pandu Sjahrir, explained that this collaboration is a concrete step towards encouraging long-term investment that not only pursues financial returns but also contributes to national economic development, particularly in eastern Indonesia.

Moreover, the entry of QIA as a strategic partner and global investor is considered a positive signal for Indonesia’s investment climate, particularly within the tourism sector.

“We are very pleased to announce this investment and look forward to working closely with QIA on this project to enhance Indonesia’s long-term potential, including in eastern Indonesia [and] particularly East Nusa Tenggara,” Sjahrir said in an official statement on Tuesday, the 31st of March.

The super tourism project in Labuan Bajo is considered crucial, given the region’s position as the gateway to Flores Island and Komodo National Park, which holds UNESCO World Heritage Site status. The new facility is expected to boost both international and domestic tourist arrivals, while supporting the growth of local businesses. However, Danantara emphasised that completion of this investment remains dependent on meeting technical requirements and complying with relevant policies. The company remains committed to implementing its investment mandate in a disciplined manner to ensure long-term economic contribution.

“This initiative lays the foundation for a broader series of investments, aimed at generating sustainable returns while consistently opening up new socio-economic opportunities for Indonesia,” continued Sjahrir.