Investors from UK to Japan keen on developing new Indonesian capital

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JAKARTA (The Jakarta Post/ANN): At least five foreign investors have expressed their interest in developing Indonesia's new capital city in East Kalimantan, a minister has said, as the government seeks greater private sector involvement in financing the relocation plan.

National Development Planning Minister Soeharso Monoarfa said that the prospective investors were from the United Arab Emirates , the United States , the United Kingdom , Japan and Germany.

Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan, who accompanied Jokowi on the visit, said on Jan 14 that former UK prime minister Tony Blair and SoftBank Group CEO Masayoshi Son were also expected to join the advisory board, as quoted by kompas.com. Soeharso added that the SWF could provide financial capital for the relocation project as well as other infrastructure projects.

Source: Loan Digest (loandigest.net)

 

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