Indonesia's future capital attracts foreign investment
The Nusantara Capital Authority (OIKN) highlighted that various foreign parties had shown a high level of interest to invest in the development of the new capital Nusantara in East Kalimantan, according to Indonesian news agency Antara.
Indonesia's future capital attracts foreign investment
New Age – New Road

Indonesia's future capital attracts foreign investment

Photo: AFP/Nyoman Nuarta
Eurasia 01/05/2023 06:00

The Nusantara Capital Authority (OIKN) highlighted that various foreign parties had shown a high level of interest to invest in the development of the new capital Nusantara in East Kalimantan, according to Indonesian news agency Antara.

"The great interest harbored by other countries to invest in Nusantara City can be seen through the visits of Korean, Japanese, and Swiss delegations to the new capital to observe the development progress and explore investment potentials," Nusantara Capital Authority Head Bambang Susantono said, according to the news agency.

The most recent data showed that 167 investors had sent their letters of intent to invest in the new capital development, he revealed while adding that five national and foreign investors had received letters to proceed from the government to develop housing complexes for state apparatuses relocated to the new city, it adds.

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