Indonesia Looking For Investments To Develop New Capital

Indonesia is trying to attract major investments in order to develop its new capital in East Kalimantan province on the island of Borneo. At an estimated cost of US $33 billion, Construction has been planned to begin in early 2021 on the new 632,850-acre site.

The site is going to be four times the size of Jakarta. The government has plans to get its administrative center operational by 2024. The new Capital is going to be a smart an....