The 18th Asian Games (ASIAD 2018) is expected to facilitate a cash flow of 22 trillion IDR (1.6 billion USD) to the Indonesian economy. (Photo: News.cn) Jakarta (VNA) – The 18th Asian Games (ASIAD 2018) from August 18 to September 2 in Indonesia is expected to facilitate a cash flow of 22 trillion IDR (1.6 billion USD) to the economy of this Southeast Asian country, said Minister for National Development Planning Bambang Brodjonegoro.
The event would contribute 18.5 trillion IDR (1.32 billion USD) to the economy of South Sumatra province alone, which is one of the two localities hosting the event.
Of the total cash flow, an amount of 3.7 trillion IDR (255.3 million USD) is for construction sector, 5.8 trillion IDRs (400.2 million USD) for ASIAD preparation, and 2.4 trillion IDR (165.6 million USD) earned from tourists’ spending.
Positive impacts of ASIAD on the Indonesia’s economy include the Government’s investment to improve infrastructure and sport facilities in its two largest cities of Jakarta and Palembang where competitions will take place, he said.
More than 400,000 tourists will visit Jakarta during the ASIAD 2018, including 154,000 foreigners.
Meanwhile, more jobs will be created, economic growth will be promoted and public collection will also increase, he said, adding that an upturn will be witnessed in entertainment (26.1 percent), hotels (2.17 percent), construction (0.15 percent), transport (0.44 percent), food and beverage (0.4 percent), and other services (0.47 percent).
In long term, ASIAD 2018 is expected to bring additional 40.4 trillion IDR (nearly 3 billion USD) to the Indonesian economy during 2015-2019, 18.5 trillion IDR (1.27 billion USD) of which is for infrastructure construction, 20.9 trillion IDR (1.44 billion USD) from event organisation, and 1.2 trillion IDR (82.8 million USD) from visitors’ spending.-VNA
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