Alongside the construction of these hotels, facilities for meetings, incentives, conferences and exhibitions (MICE) will also be built at the airport area.
The agreement was signed at the West Java Investment Summit (WIJS) 2020 event held at the Savoy Bidakara Hotel in Bandung City and directly witnessed by West Java Governor M. Ridwan Kamil.
In accordance with the cooperation agreement, Jaswita Jabar, BIJB, and Bank BJB are committed to building supporting facilities for the airport -- a three-star hotel -- with an investment of Rp661.9 billion.
President Director of Jaswita Jabar, Deni Nurdyana Hadimin, stated on Tuesday that the signing of the cooperation agreement was one of Jaswita Jabar's commitments to contributing to infrastructure development, particularly those related to the tourism industry in West Java.
"Construction of a three-star hotel in the West Java International Airport area has been part of our commitments since a long time," Hadimin noted.
Furthermore, Jaswita Jabar's cooperation with BIJB is also in line with the enthusiasm mirrored through the theme of the 2020 West Java Investment Summit -- "Invest in West Java for better future: life, work and play".
Moreover, under the agreement, BIJB will allot land for building hotels and MICE facilities, while Jaswita Jabar will function as the developer, with financial support from Bank BJB and some private investors.
West Java Investment Summit (WJIS) 2020 is the agenda of the West Java provincial government, in collaboration with the Bank Indonesia Representative Office in West Java, and this year’s event is the second edition of WJIS.
On the first day of WJIS 2020, as many as five MoUs and the cooperation agreement among the related parties were ready to be signed, with an investment value of some Rp4.10 trillion, or around US$293 million.
The focus of promotion at this year’s WJIS was the development of a new industrial area in West Java, specifically the Rebana Metropolitan area that was also launched on the first day of the event.
Several parties also involved in the WJIS 2020 comprise the Investment Coordinating Board (BKPM), the Ministry of Foreign Affairs of the Republic of Indonesia, the West Java Regional Development Planning Agency, and the West Java Regional Tourism and Culture Department. Related news: West Java Governor to ensure people benefit from foreign investment
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Translator: Yuni Arisandy Sinaga
Editor: Suharto
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