ITDC Returns to Persero Status, Ready to Accelerate World-Class Tourism Destination Development
PT Pengembangan Pariwisata Indonesia (Persero), also known as InJourney Tourism Development Corporation (ITDC), has officially regained its ‘Persero’ status, effective from 10 June 2026.
This strengthening of status is a significant momentum for ITDC to bolster its role as a State-Owned Enterprise (BUMN). The company holds a strategic mandate to develop world-class tourism destinations, manage state assets professionally, and drive investment and economic growth through the tourism sector.
The change in status marks the official use of the company’s nomenclature as PT Pengembangan Pariwisable Indonesia (Persero) in all business activities, correspondence, and official corporate documents.
This step is part of an adjustment to government regulations and policies regarding the governance of State-Owned Enterprises, while also reaffirming ITDC’s identity and strategic mandate as a state-owned developer and manager of national tourism areas.
The Acting President Director of ITDC, Ahmad Fajar, stated that the return to ‘Persero’ status further strengthens ITDC’s contribution to supporting national development through the development of high-quality, sustainable, and globally competitive tourism sectors.
He explained that the return to ‘Persero’ status clarifies ITDC’s role as a state-owned enterprise with a strategic mandate to develop world-class tourism destinations while optimising the management of state assets through a professional and sustainable approach.
“With a strong governance foundation, we will continue to encourage the creation of areas that can attract investment, create economic value, open business opportunities, and provide sustainable benefits for the community and the region,” Ahmad said in a statement on Tuesday (23/6/2026).
In fulfilling this mandate, ITDC is developing a business model that integrates area planning, infrastructure development, asset management, investment development, and the creation of a tourism ecosystem that supports regional and national economic growth.
As part of the InJourney Tourism and Support State-Owned Enterprise Holding, ITDC plays a strategic role as a master developer and asset manager in the development of national tourism destinations.
Through this role, ITDC is not only responsible for planning and developing integrated tourism areas but also for ensuring that asset management is carried out optimally to create sustainable economic value for the state.
Currently, ITDC manages assets and develops three leading national tourism areas: The Nusa Dua in Bali, covering approximately 350 hectares (ha); The Mandalika in West Nusa Tenggara, covering approximately 1,175 hectares (ha); and The Golo Mori in East Nusa Tenggara, covering approximately 20 hectares (ha).
ITDC acts as a master developer and asset manager, ensuring each area develops in an integrated and sustainable manner, capable of creating economic added value for the state, the region, and the community.
According to Ahmad, the strengthening of the ‘Persero’ status aligns with the SOE transformation being driven by the government, which aims to create companies that are increasingly professional, adaptive, and capable of providing a larger contribution to national development.
This status change also aligns with the SOE transformation agenda under Danantara Indonesia, which emphasises the strengthening of corporate governance, the optimisation of state asset utilisation, and the creation of long-term economic value to support sustainable national growth.
With the ‘Persero’ status, ITDC possesses a stronger institutional foundation to execute area development and asset management more optimally.
“We are optimistic that this step will further increase the confidence of investors, business partners, and stakeholders, enabling us to expand the economic impact generated from every area we develop and manage,” he said.
The change in company nomenclature is based on Law Number 16 of 2026 regarding the Fourth Amendment to Law Number 19 of 2003 concerning State-Owned Enterprises, and was established based on the Decision of the Shareholders (KPPS) dated 20 April 2026, which approved the name change of PT Pengembangan Pariwisata Indonesia to PT Pengembangan Pariwisata Indonesia (Persero).
The decision was subsequently formalised in the Deed of Statement of Shareholders’ Decision Number 53 dated 20 May 2026, prepared before Desman, SH, M.Hum, a notary in North Jakarta, and received approval from the Minister of Law of the Republic of Indonesia via Decree Number AHU-0037365.AH.01.02.TAHUN 2026 dated 10 June 2026.
With the return to ‘Persero’ status, ITDC is optimistic about strengthening its role as a catalyst for national tourism development through professional asset management, integrated area development, and the creation of a conducive investment climate.
This strengthened role is expected to support the acceleration of high-quality tourism sector development while providing a larger contribution to national economic growth.
Moving forward, ITDC will continue to prioritise the implementation of Good Corporate Governance (GCG) principles, integrated risk management, innovation, and compliance with laws and regulations as the foundation for all area developments.
Through this stronger foundation and commitment to sustainability, ITDC strives to create sustainable added value for the state, the community, and all stakeholders through the development of globally competitive, inclusive, and sustainable destinations.