Danantara Enters Labuan Bajo, Targeting Tourism Surge and Local Economic Growth

JAKARTA, KOMPAS.com — Danantara Indonesia is preparing investments in strategic projects in Labuan Bajo, East Nusa Tenggara. This step is aimed at promoting the tourism sector while opening up economic opportunities in the region. Danantara will collaborate with the Qatar Investment Authority (QIA), which has already been an investor in the project. This collaboration is directed at strengthening long-term value and supporting national development priorities. Danantara’s Chief Investment Officer, Pandu Sjahrir, stated that this investment reflects a disciplined approach to capital management, as well as efforts to generate broader economic impacts. “We are very pleased to announce this investment and look forward to close cooperation with QIA on this project to enhance Indonesia’s long-term potential, including in eastern Indonesia, particularly East Nusa Tenggara,” Pandu said in an official statement in Jakarta on Tuesday (31/3/2026). This initiative is aimed at generating sustainable returns, while also opening up socio-economic opportunities in eastern Indonesia. Labuan Bajo is considered to have a strategic position in the development of national tourism. This area serves as the gateway to Flores and Komodo National Park, which holds UNESCO World Heritage Site status. The project is targeted to have a direct economic impact. Construction and operational activities are projected to create jobs. Visits by domestic and international tourists are also expected to increase. This development will further encourage the growth of local businesses in the surrounding area. “Located on one of Indonesia’s most popular islands, this investment will help promote Indonesia’s natural wonders and cultural richness, while strengthening Indonesia’s position as a leading tourist destination,” Pandu said. The completion of the investment still depends on meeting various requirements and compliance with applicable policies.