SINGAPORE: Investor interest in Indonesia’s proposed new capital Nusantara has been renewed, following official results that confirmed Defence Minister Prabowo Subianto will be the country’s next president.
The ambitious dream of moving Indonesia’s capital from Jakarta to a location some 2,000km away in the middle of a forest in East Kalimantan was the signature project for Mr Widodo, who is popularly known as Jokowi. Bambang said the Nusantara Capital Authority has received 369 letters of intent from interested investors to date, with most of the foreign investor pledges originating from Singapore.
In May, more than 130 government officials and businessmen from Singapore – one of the biggest delegations – visited the 2,561sq km site, which is about three times the size of Singapore.
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