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DENPASAR, Bali, May 1 Asia Pulse - Jardines de Bali, a Spanish company, plans to develop villas on Bali Island with an initial investment of Rp362 billion (US$39.1 million).
The villas would be intended to attract up-scale tourists coming to Bali, chief executive of Jardines de Bali Group, Vernando Alonso Varea, said here on Wednesday.
He said his company had made a study and analysis on villa development and was ready to invest more if the investment data from the Indonesian government was completed.
The business study showed that Indonesia was among the best investment destinations because the country's economy was growing, he said.
"Our first ...
Source: HighBeam Research, SPANISH COMPANY TO INVEST IN TOURISM SECTOR IN BALI.