SEZ SUCCESS FACTORS\u00a0<\/p>\n
Made Supriatma, a political analyst and visiting researcher at the ISEAS-Yusof Ishak Institute in Singapore, said Lido SEZ has a shot at success because it is near Jakarta and there is now a new highway connecting it with the capital.\u00a0<\/p>\n
\u201cIt could become an integrated entertainment centre for Indonesia’s elites,\u201d said Made.<\/p>\n
\u201cIts location, just an hour from Jakarta, its prestige as a \u2018Trump property\u2019 and its various entertainment options (golf resort, music concert venue and so on) will satisfy Jakarta\u2019s elites.\u201d\u00a0<\/p>\n
Wawan Mas\u2019udi, dean of the faculty of social and political sciences at Gadjah Mada University in Yogyakarta, said that designating an area as a special economic zone typically means the state provides supporting infrastructure, simplifies licensing, and creates a more favourable business environment.<\/p>\n
\u201cThe state allocates resources to support it, licensing becomes simpler, and there are other forms of facilitation,\u201d he said.<\/p>\n
He said that the institutional set-up matters because SEZs are designed to reduce bureaucratic bottlenecks and support investments.<\/p>\n
But he added that while the state may create the enabling environment, the development’s actual business success depends on investors and market conditions.<\/p>\n
\u201cIt could be things like the business model or (potential) social problems that the developers could prevent beforehand,\u201d Wawan said.<\/p>\n
Environmental property expert Syarifah Syaukat from property consultant Knight Frank said Lido has commercial appeal because of its green landscape, large land area and accessibility through a new toll road.<\/p>\n
She added that Indonesia could be an attractive market for golf resorts and clubhouses because the segment targets high-income consumers, and Indonesia has a growing wealthy class, but there are several things developers must consider.<\/p>\n
\u201cDevelopers must consider the local culture, prevailing policies, the stability of national economic growth, and applicable spatial planning regulations (for the resort to succeed),\u201d she said.\u00a0<\/p>\n
\u201cThey must also consider the benefits of regional development for the surrounding communities, both in terms of environmental sustainability and livelihood sustainability.\u201d<\/p>\n
This was perhaps an issue with a Trump-linked golf resort on the Indonesian island of Bali.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"SEZ SUCCESS FACTORS\u00a0 Made Supriatma, a political analyst and visiting researcher at the ISEAS-Yusof Ishak Institute in Singapore,…\n","protected":false},"author":2,"featured_media":859395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[566],"tags":[64,63,99,2490,755,120121,4805,49944,85],"class_list":["post-859394","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-au","tag-australia","tag-business","tag-donald-trump","tag-golf","tag-golf-clubs","tag-indonesia","tag-prabowo-subianto","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/859394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=859394"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/859394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/859395"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=859394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=859394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=859394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}