Bali's Serangan Island Sees Investment Surge as Special Economic Zone Drives Mall Opening
Foreign and domestic companies are increasingly investing in tourism and education projects on Serangan Island in southern Bali, Indonesia. The area, designated as a special economic zone with reduced corporate tax rates, saw Mitsubishi Estate and partners open a large outlet mall in late July. Located about 20 minutes by car from Ngurah Rai International Airport, the area is being called Bali's 'last frontier' for development.
According to a report by Nikkei, foreign and domestic companies are increasingly investing in tourism- and education-themed projects on Serangan Island in southern Bali, Indonesia. Long known as 'Turtle Island' due to its sea turtle nesting sites, the area is now undergoing rapid development after being designated a special economic zone offering reduced corporate tax rates.
In late July, Mitsubishi Estate and partner companies opened a large outlet mall within the special zone. The island, located about 20 minutes by car from Ngurah Rai International Airport, is drawing attention as a 'last frontier' for development in southern Bali due to its convenient access.
Details on the total investment amount, specific companies involved, and the full scope of future development plans have not yet been disclosed. However, the changes suggest the tourism landscape of southern Bali may shift significantly in the coming years.
Things to Consider
When visiting newly opened commercial facilities such as this outlet mall, confirm current operating hours and facility details via official social media or local sources, as information can change shortly after opening. Allow extra travel time from the airport, as ongoing development in the area may affect traffic conditions. Those considering real estate investment in the special economic zone should consult a local lawyer or certified accountant to verify tax incentive conditions and foreign land ownership regulations before proceeding.
Source: 日本経済新聞社