JAKARTA - Injourney Tourism Development Corporation (ITDC) signed a memorandum of understanding or MoU with the Absolute Racing Team, one of the participants in the GT World Challenge Asia 2025 event at the Mandalika Circuit, Central Lombok, West Nusa Tenggara, for investment in the construction of a luxury car garage.
"Today we signed a Land Utilization and land Development Agreement (LUDA) with one of the German investors from the Absolute Racing team participating in the GT World Challenge Asia 2025 event," said ITDC Commercial Director Troy Reza War.
He said, with the increase in investors investing in the Mandalika Special Economic Zone (SEZ), this proves the interest of foreign investors in potential and success in regional development.
"This means that a long process is needed in developing tourism and attracting investors to invest in the Mandalika SEZ," he said.
He said investment in Mandalika continues to increase, but it must be assisted by all parties in cooperation with local governments and provincial governments to remain committed to maintaining security, so that investors entering Indonesia feel safe.
"We remain committed to inviting investors from other countries and local investors to invest in Mandalika," he said.
He emphasized the most important thing after they entered, how all parties collaborate to support investors in the development process in accordance with the rules.
"Investors who enter will certainly carry out development according to the rules and plans for developing the Mandalika area," he said.
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He said the area of land utilization in the Mandalika Circuit area used for the construction of the Luxury Garage was around 7,035 square meters.
"This investment contract with Absolute Racing for 30 years and can be extended by 20 years," he said.
Meanwhile, Co Founder and Team Director of Absolute Racing Matter Ingo said his team was interested in investing in Mandalika, because Lombok is a beautiful and fun island.
"We will build Luxury Garage in the Mandalika area and we are finishing the design, hopefully next year it can be used," he said.
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