Mandalika, on Lombok's southern coast, has been designated a Special Economic Zone (KEK) with USD 3B of government and private infrastructure investment committed through 2030. The Pertamina Mandalika Circuit anchors a MotoGP and World Superbike calendar that brings 100,000+ international visitors per event week.
A 1,000+ key pipeline of branded hotels — Pullman, Royal Tulip, ANEMI Resort — is under construction or recently opened. Beachfront land pricing has roughly tripled since 2020 but remains 60-70% below comparable Bali plots.
The investment thesis is straightforward: Mandalika trails Bali by 10-15 years in maturity, with stronger tailwinds from sovereign infrastructure spend. We see particular value in operating resort assets rather than greenfield development, where execution risk remains higher.