The article was published in the Forbes Ukraine magazine here.
Indonesia ranks 16th in the world in terms of GDP thanks to tourism, which annually contributes 70-80 billion U.S. dollars to the national economy. As noted by Ribas Hotels Group, Bali accounts for 51% of the tourism receipts. According to the forecasts of international analysts, in 2024-2025, the Indonesian economy will show unprecedented growth rates compared to the rest of the world. The foreign currency inflow from tourists raises capital for tourism-related businesses to develop and improve infrastructure, establish new routes, build and open gastronomic outlets and public spaces.
Tourism also helps the government support investors: Bali is the fourth most investment-friendly destination in the world. To raise foreign investments, the government provides investors with tax incentives.
Artur Lupashko, the founder of the Ribas Hotels Group international company, explains what regions are more profitable to invest in and under what conditions to get profit from these investments. He also shares success stories of developers already operating in Bali.
Read more on Forbes Ukraine.
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