Agreements inked in S’pore show interest in Nusantara, more investments likely only after Indonesia polls: Experts

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At least two companies have signed non-disclosure agreements to work on projects in Nusantara. Read more at straitstimes.com.

They added that more substantive updates to investments for the new city will likely come after the archipelagoTheir comments were made after at least two companies signed non-disclosure agreements in Singapore on June 8 to work on projects in Nusantara, following Indonesia’s increasing efforts to market its new city.

More than 130 government officials and businessmen from Singapore participated in the roadshow to explore opportunities in Nusantara from May 30 to June 1. “If the investments continue in the future, then the development of green energy in the new capital city would be better than others in the region,” he said, adding that more investments for Nusantara will likely come in next year after Indonesia’s general elections in February 2024.

“In my opinion, we can only witness genuine commitment from investors, particularly foreign ones, after the Indonesia’s General Election scheduled for February 2024.”Indonesia dangles lucrative Jakarta leases to entice investment in new capital Nusantara

Source: News Formal (newsformal.com)

 

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