Indonesia’s new capital city, Nusantara {IKN), has taken another step towards attracting international investment, with the Nusantara Capital Authority formally inviting LUX Property Group to progress its proposed landmark hospitality and tourism development through the Government’s official investment platform.
The invitation follows LUX Property Group’s submission of a formal Letter of Intent outlining plans to develop a premium eco resort, luxury villas, a crystal clear man-made beach lagoon inspired by Brisbane’s South Bank, and an international convention and exhibition centre within Nusantara.
The Authority has invited LUX Property Group to submit the next stage of corporate documentation through the Government’s lnvestara portal as part of its formal assessment process.
The proposal was developed by Jamie McIntyre, Founder of LUX Property Group and Chief Editor of the Australian National Review, following his recent visit to Nusantara, where he described Indonesia’s future capital as one of Southeast Asia’s most exciting long-term development opportunities.
LUX believes the integrated eco resort and convention centre could help position Nusantara not only as Indonesia’s political and administrative capital, but also as a leading destination for tourism, international conferences, business events, digital entrepreneurs and expatriates.
Currently developing hospitality and lifestyle projects throughout Bali and Lombok, including the master-planned Nesara Bay City eco-city in South Lombok, LUX Property Group says the proposed Nusantara development reflects its long term commitment to sustainable tourism, hospitality and destination creation in Indonesia.
If ultimately approved, the project could become one of Nusantara’s flagship hospitality developments, supporting the Government’s vision of creating one of the world’s most innovative, sustainable and liveable capital cities.
More information about LUX
Property Group is available at www.luxproperty.group. Details of Nesara Bay City can be found at www.nesarabaycity.com, while LUX’s Bali hospitality portfolio is available at www.luxbalistays.com.
