MATARAM, West Nusa Tenggara – West Nusa Tenggara, a province in eastern Indonesia, has announced an ambitious 2026 investment target of Rp68.43 trillion (approximately US$4.2 billion), a 12 percent increase year-on-year.
Seeking to reduce its dependence on the traditional mining sector, local officials are courting international partners from Japan, Spain, and Canada.
This initiative positions West Nusa Tenggara, which includes the popular tourist destination of Lombok, as an emerging economic frontier outside the saturated markets of Java and Bali.
The province is betting on renewable energy, tourism, and agriculture to drive future growth.
Mandalika SEZ Draws Luxury Villa Project from Spain
The Mandalika Special Economic Zone (SEZ) in Central Lombok continues to gain momentum as a prime investment hub.
Spanish investors have committed Rp55 billion (US$3.26 million) to develop a 50-unit luxury villa resort on a 1.6-hectare site, with construction slated to begin in July 2026.
The SEZ provides substantial fiscal incentives, including tax holidays, VAT exemptions on imported capital goods, and long-term land rights of up to 80 years.
The zone also dedicates 30 percent of its area to green spaces, including a 45-hectare mangrove reserve, appealing to environmentally conscious investors.
Green Energy and Agriculture Take Center Stage
With major mining permits in West Sumbara expected to expire around 2031, West Nusa Tenggara is actively broadening its economic base.
The province’s renewable energy potential stands at 13,563 megawatts, yet only about 5 percent has been developed to date.
Meanwhile, the central government has designated West Nusa Tenggara as a national garlic production hub, aiming to end import dependence within three to five years.
“We must prepare ourselves much better, no longer relying solely on mining,” said H. Amar Nurmansyah, Regent of Sumbawa Barat.
Japanese officials have also expressed interest in fishery exports and workforce cooperation through a proposed “sister province” partnership.
With strategic infrastructure projects underway, West Nusa Tenggara is on track for a significant economic transformation that could serve as a model for post-mining regional development nationwide.
Source: rri.co.id
Feat Image: magnific.com
