According to the Jakarta Post Bali’s administration has set their target at Rp 22 trillion in investments for Bali. They anticipate this will create a 7.01% economic growth by the end of 2013. After having little trouble meeting 2012’s economic growth target they are confident that 2013 will become a reality as well.
Tourism is still the favourable sector for investment in Bali – of courses that should be no surprise. However, to date that tourism is still largely focused in the south. The Bali administration wants to see that wealth dispersed throughout the island. This would have a positive impact on employment for locals and help to decrease poverty rates.
Bali is certainly a place of opportunity and tourism while growing at an extremely rapid rate, is still really in its infancy. Each year we see improvements to infrastructure to accommodate more tourists and that’s exciting.