New presidential regulations have come into force in Indonesia making it easier for yachts to enter its territorial waters.
The change in regulations is expected to boost investments, particularly in tourism and its supporting industries.
Edy Putra Irawadi, coordinating deputy at the ministry for the economy in Jakarta, revealed as many as 400 yachts entered Indonesian waters this year.
It is hoped this number can be boosted to 1,000 vessels calling at all 18 sea port entrances in Indonesia in 2012.
The figure is expected to double in 2013.
“There are already many investors who have shown interest, including those from Singapore, Malaysia, Thailand, New Zealand, Australia, and Finland.
“They are interested to invest in ports, operations, and events,” concluded Edy Putra Irawadi.