Image Credits: CNA
The newly appointed minister of Nusantara has pledged to spearhead efforts aimed at attracting increased investment to the planned capital city. This commitment underscores the Indonesian government’s determination to transform Nusantara into a thriving economic hub and administrative center.
The minister, who assumed office last week, articulated a robust plan to enhance the appeal of Nusantara to both domestic and international investors. His vision includes streamlining regulatory processes, offering attractive incentives, and fostering a conducive business environment to encourage private sector involvement in the city’s development.
Nusantara, located in East Kalimantan, is envisioned as the new capital of Indonesia, with the project representing one of the largest and most ambitious infrastructure undertakings in the country’s history. The government’s goal is to shift the capital from Jakarta to Nusantara to alleviate overpopulation and environmental degradation in the current capital while promoting balanced regional development.
To realize this vision, the new minister is focusing on several key areas: simplifying investment procedures, enhancing infrastructure connectivity, and ensuring sustainable development practices. By addressing these aspects, the government aims to attract a diverse range of investments, from infrastructure and real estate to technology and manufacturing.
The minister’s pledge comes at a crucial time as Nusantara transitions from planning to execution. Attracting substantial investment is critical to ensuring the project’s success and achieving the broader economic and developmental objectives set forth by the Indonesian government. The move is expected to create job opportunities, stimulate local economies, and position Nusantara as a global business hub.
In addition to focusing on investment, the minister is also committed to engaging with potential investors through roadshows and international forums. This proactive approach aims to showcase Nusantara’s potential and build strong partnerships that will drive the project’s growth.
As Nusantara continues to take shape, the new minister’s efforts to attract investment will be closely watched. The success of these initiatives is vital for realizing the full potential of Indonesia’s new capital and achieving the broader goals of national development and economic progress.