The Indonesian government intends to auction off an archipelago that includes more than a hundred small islands, The Guardian reported.
The archipelago "Vidi's Reserve", located in "A coral triangle" will be auctioned in New York from December 8 to 14. The total area of the islands that make up the archipelago is about 10 hectares. It is a 2.5 hour flight from Bali International Airport.
Indonesian law does not allow foreigners to buy islands in the country, but the future owner has the option to purchase a stake in a local holding company. Those who intend to participate in the auction, is required to make a $100 thousand deposit as proof of seriousness of their intentions.
As the newspaper notes, the sale of the archipelago has already caused concern among conservationists. Construction on these islands could threaten their ecosystems․