Image Credits: GovInsider
Indonesia’s new capital city, Nusantara, is set to receive a significant boost with major investments from Japanese and South Korean firms, according to a recent announcement by Investment Minister Bahlil Lahadalia. This development marks a pivotal moment in the ambitious project to establish Nusantara as a state-of-the-art urban center in East Kalimantan.
Minister Lahadalia confirmed that leading companies from Japan and South Korea have committed to substantial investments in various sectors crucial to Nusantara’s development. These investments are expected to accelerate progress on infrastructure, technology, and sustainable urban planning, aligning with the Indonesian government’s vision for a modern, eco-friendly capital.
“The participation of these renowned Japanese and South Korean firms is a testament to Nusantara’s growing appeal and potential,” said Lahadalia. “Their investments will be instrumental in shaping Nusantara into a cutting-edge city that meets international standards and drives our economic growth.”
The influx of foreign capital is poised to support several key areas of Nusantara’s development, including advanced transportation systems, green energy initiatives, and high-tech industries. This collaboration will introduce innovative technologies and expertise that are essential for realizing the city’s ambitious goals.
Nusantara, designed to replace Jakarta as the nation’s capital, aims to alleviate the pressures on Jakarta’s infrastructure and distribute economic development more evenly across Indonesia. The project represents one of the most significant urban redevelopment efforts in the country’s history, with a focus on creating a sustainable and efficient urban environment.
The announcement underscores the strong international interest in Nusantara and highlights Indonesia’s strategy to attract global investment and expertise. By partnering with established companies from Japan and South Korea, Indonesia is positioning Nusantara as a model for future urban development.
As Nusantara moves forward, the involvement of these foreign firms is expected to play a crucial role in ensuring the city’s success and advancing Indonesia’s broader economic and environmental objectives. This development marks a significant milestone in the transformation of Indonesia’s capital city, reflecting both the ambitious scope of the project and its growing international appeal.