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Tourism Minster Wants To Make Bali Hong-Kong Style Economic Hub

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Indonesia’s Minister for Tourism and Creative Economies has been speaking to the media about novel ways to raise funds to help boost the country’s tourism economy.

Minister Sandiaga Uno wants to see the newly introduced Golden Visa used to encourage more investment from wealthy family offices. 

Hong Kong Skyline.jpg

Speaking to the press at the World Water Forum which is taking place in Bali, Minister Uno explained “I will calculate what the initial target is and what kind of regulations we need to present.” He wants to see the investment from these family offices to be centralised in Bali.

In Minister Uno’s mind, the principle of attracting investment from family offices brings two fold benefits. Indonesia, and Bali specifically has more capital to work with to implement the much needed improvements to island infrastructure, and staff and families with these investment funds will be able to reside in Bali, or elsewhere in Indonesia for up to 10 years. 

Minister Uno will be targeting investment from family offices based in Singapore, Malaysia, Monaco, London, Hong Kong and Dubai. He wants to see long term and sustainable investment in Bali and Indonesia more broadly. 

Minister Uno said, “So the length of stay is very long. Second, they bring in funding so the sustainability is more pronounced, and this fits very well with the Golden Visa concept.” 

He added, “We encourage Bali to become a hub (center) for family offices like Hong Kong and Singapore.”

While many will praise Minister Uno for his calls for more long term and sustainable investment in Bali, and the move to encourage more people to take up the opportunity to apply for the Golden Visa, Minister Uno’s comments may not be well received by all tourism stakeholders in Bali. 

Tourism experts and leaders in Bali have been speaking to the media in recent weeks to re-table the idea of creating a Special Tourism Authority and the development of Bali as a Special Autonomous Region for Tourism.

Tourism economist Viraguna Bagoes Oka has been vocal in his calls for urgent spatial planning investigation and for existing planning and construction rules to be implemented to the letter of the law.


Oka told reporters, “Bali is being invaded by investors with uncontrolled investors.” He noted how the conversation around the creation of a moratorium has been on the table for well over a decade but that it has been hard to push the idea through due to the wider political climate in Indonesia. 

Oka continued, “It should be at the provincial level, the initial spirit. As a result, the integrated command is difficult to achieve because local governments act on their own, not prioritizing the principles of sustainable tourism.”


Speaking separately, the Chairman of the Indonesian Agrotourism Association, Bagus Sudibya, explained how he feels the conversations around the creation of a moratorium should be approached moving forward.

He wants to really focus on the spatial planning element of the moratorium. He explained how Bali is approx 5,600 km sq with a permanent population of 4.7 million people, in addition to tourists.

He wants to see spatial planning executed in such a way that is fair for everyone. 


Sudibya said “in terms of implementing the moratorium, we will pause for a moment, but within that pause there will be a pause for development. Meanwhile, there it starts with calculations, how do we calcite so that we can find a clear formation, how ideally for Bali we should have a set number of tourists arriving, how long they stay and the number of rooms or tourism facilities available so that ideal number comes out.”

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Friday 24th of May 2024

Way to go to destroy an already endangered island...

Self-profit focused and corrupt "elites" pretending they can become economic superpowers while not being able to provide any waste management facilities, design proper urban plans or even protect the Balinese culture, the initial aspect that attracts so many tourists.

People come there for its culture and way of life, not because they have malls.

The island of Gods is doomed by these fools, including the rich Balinese who sell their lands without thinking long term.


Friday 24th of May 2024

"In Minister Uno’s mind, the principle of attracting investment from family offices brings two fold benefits"...and yet,"Oka told reporters, “Bali is being invaded by investors with uncontrolled investors (investments).”

Bez before

Thursday 23rd of May 2024

To be honest, Bali is one of the regions in Indonesia that is a water shortage area and has the potential for a water crisis according to analytical data a few years ago, but now it is the place where WWF is held? Doesn't the Indonesian government read the data? If you want to hold a WWF event, it should be in a place that is still rich in water sources, for example in Klaten, the fact is that the water sources are 100% more abundant than Bali! You should be embarrassed if you only choose Bali because of the infrastructure alone!


Friday 24th of May 2024

@Bez before, Klaten? Java is already massively overcrowded.


Friday 24th of May 2024

@Bez before,

The water summit was a spectacular affair. Water security and conservation is very important to Indonesian people.

Or so the summit told me so...

Meanwhile - as the extravagance, water and basa basi was flowing at GWK - just 2 Kilometres down the road, we were enjoying yet another 48 hours of no running water, and creeks full of household rubbish and plastics...

Ironic, tragic, and a little bit hilarious, after watching the bullshit flow up at GWK.

Wayan Bo

Thursday 23rd of May 2024

@Bez before, no problem, filtering ocean water is discovered longer time ago.


Thursday 23rd of May 2024

Dream on uneducated government minister. Hong Kong is a world economic centre because it was built like that by British experts. Tiny, totally unimportant Bali doesn't have any British or European experts to do that for it. And it never will have them. You Balinese people are seriously deluded about your horrifically disease and pollution ridden miniature island. You really should all get off it more and take a look at the real world.


Friday 24th of May 2024

@Alex, Yes only the superior British or Europeans are the true experts in economic development.

Wayan Bo

Thursday 23rd of May 2024

@Alex, perhaps Dutch’s are willing to come back 🤣


Thursday 23rd of May 2024

Bali is very small Island How can this Island fit for more investers, more people and he want to make like in hongkong. After what we can happen?? We are already have a lots of problem about the popolutation, the traffict water wise and criminal. How can we solved that, and want to build more.