Why Indonesia turns to private investors to find billions for its new capital Nusantara | DW News
July 5, 2023
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12:09Now PlayingWhy Indonesia turns to private investors to find billions for its new capital Nusantara | DW News
YouTube Description
as posted by the channelIndonesia is building a new capital on the island of Borneo. Called Nusantara, it is expected to be fully ready by 2045, but the plan is to have some government institutions move to it from early next year.
President Joko Widodo has been a major backer of the project and just last month, was in Singapore to encourage private investors to foot a majority of the 32 billion dollar price tag.
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