Keyword: "new capital"

15 Result

Former Indonesian President Joko Widodo and his successor Prabowo Subianto inspect the progress of the new capital project Nusantara on Aug. 12, 2024. (Photo: Jakarta Globe)

Indonesia approves budget for new capital’s next development phase

The Indonesian government has allocated 48.8 trillion IDR (2.99 billion USD) for the second phase of developing Nusantara, Indonesia's new capital, for the 2025-2029 period. This represents a notable decrease from the 89 trillion IDR set aside for the first phase in 2022-2024.

Nusantara - the new capital city of Indonesia. (Photo courtesy of futuresoutheastasia.com)

Indonesia prioritising domestic investors in Nusantara

Indonesian President Joko Widodo has reiterated that his government will pay special attention to domestic players keen on investing in Nusantara Capital City (IKN), East Kalimantan, considering their huge numbers.

Indonesia approves 1 bln USD budget increase for new capital

Indonesia approves 1 bln USD budget increase for new capital

Indonesia’s parliamentary budget committee has approved additional 15 trillion IDR (1.01 billion USD) to speed up the construction of the flagship new capital Nusantara on Borneo island, the committee’s chair Said Abdullah announced on June 9, according to Business world.in.