Jardines de Bali, a Spanish company, plans to develop villas on Bali Island with an initial investment of Rp362 billion. 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 project in the tourist accommodation sector in Bali will be construction of several luxurious villas,” he said.

Data from the Bali provincial tourism service showed that there are currently 635 villas with a total of 3,958 rooms, mostly located in Badung District.

Some 57.41 percent of the villas are constructed in rural areas and 14.83 percent in coastal areas, according to the data.

Of the total number of existing villas, 45.60 percent are located in North Kuta sub district, 18.31 percent in Kuta sub district, 17.78 percent in South Kuta sub district, 17.61 percent in Mengwi sub district, and 0.70 percent in Abiansemal.

News by Antara – antara.co.id