President Joko Widodo has announced multi-million dollar construction deals by major Chinese and Russian firms in Indonesia’s new capital city of Nusantara. These projects, spanning property, hospitality, and education developments, were officially launched during an inauguration ceremony. The aim is to build a strong and sustainable ecosystem in Nusantara, making it an attractive investment destination for both local and international investors.
One of the key projects is a property development by China’s Delonix Group, which will feature a hotel with 200 rooms, luxury apartments, shopping malls, offices, and sports facilities. Another significant project is a resort complex by Russia’s Magnum Estate International, which includes serviced apartments and commercial spaces. Additionally, an international educational facility catering to 750 students will be developed by Australia’s AIS, offering a high-quality education experience with state-of-the-art facilities.
Minister of Tourism and Creative Economy, Sandiaga Uno, expressed optimism about the new investments, stating that they could lead to more international investments, creating job opportunities and boosting business growth across Indonesia. Nusantara is widely viewed as President Widodo’s legacy project, as he made the decision to move Indonesia’s capital from Jakarta due to its sinking and congested conditions. President-elect Prabowo Subianto has pledged to continue the development of Nusantara after assuming office.
President Widodo emphasized that Nusantara could witness more groundbreaking projects in the near future, with other investors expressing interest in starting new initiatives. While government facilities funded through state budgets are still under construction, the involvement of international firms highlights the potential for growth and development in Nusantara. The new capital city is positioned to drive economic growth and create opportunities for both local and foreign businesses.
The completion of these projects signifies a crucial moment for Nusantara, which had previously faced challenges in securing international funding. The influx of investments from major Chinese and Russian firms demonstrates the confidence of investors in the potential of Nusantara as a prime location for development and growth. With the support of both local and international investors, Nusantara is poised to become a dynamic and thriving hub for property, hospitality, and education sectors, contributing to Indonesia’s overall progress and prosperity.
Overall, the inauguration of these construction deals marks a significant step forward for Nusantara, highlighting the commitment of President Widodo and his administration to creating a sustainable and prosperous new capital city. The projects signify a new era of development and growth in Nusantara, showcasing the potential for economic and social advancement through strategic investments and partnerships with key international players. As Nusantara continues to attract further investments and projects, it is poised to emerge as a key center for innovation, development, and progress in Indonesia and the region.
