Invest in Indonesia's futuristic new capital (Nusantara). What we know so far
Introduction
Indonesia, the world's fourth-most populous country, is set to build a new capital city. The plan to relocate the capital from Jakarta, the current capital, to a new location was announced in August 2019 by President Joko Widodo. The new capital, which will be called Nusantara, is expected to be built in East Kalimantan province, on the island of Borneo. The Indonesian government believes that the new capital will help address some of the problems faced by Jakarta, such as traffic congestion, pollution, and the risk of flooding.
In this article, we will discuss the reasons behind the decision to build a new capital, the progress made so far, and the opportunities available for investors who are interested in investing in Nusantara.
Why Build a New Capital?
There are several reasons why the Indonesian government decided to build a new capital city. One of the main reasons is the overcrowding and congestion in Jakarta, which is home to more than 10 million people. Jakarta is one of the most densely populated cities in the world, and it is facing several environmental problems, such as air pollution and the risk of flooding.
Another reason for building a new capital is to promote economic development and create new opportunities in other parts of Indonesia. Jakarta is the economic hub of Indonesia, and many people migrate to the city in search of better job opportunities. This has resulted in an uneven distribution of economic growth and development across the country. The new capital will be built in East Kalimantan province, which is one of the least developed regions in Indonesia. The government hopes that the new capital will help to promote economic development and create new opportunities in the region.
What We Know So Far
The Indonesian government has made significant progress in the planning and development of the new capital city. In October 2019, the government announced that it had secured 180,000 hectares of land in East Kalimantan province for the new capital. The government has also allocated Rp 466 trillion ($32.7 billion) for the construction of the new capital.
The new capital will be designed as a smart and sustainable city, with a focus on green and environmentally friendly development. The city will be built to withstand natural disasters such as earthquakes and flooding, which are common in Indonesia. The new capital will also have a digital infrastructure that will support innovation and technology.
The Indonesian government has set a timeline for the construction of the new capital. The first phase of construction is expected to begin in 2021, and the new capital is expected to be completed by 2045. The government has also formed a steering committee to oversee the development of the new capital.
Opportunities for Investors
The construction of the new capital presents several opportunities for investors who are interested in investing in Indonesia. The Indonesian government has announced that it is open to private investment in the development of the new capital. The government is seeking private investors who are interested in investing in infrastructure development, such as roads, airports, and public transportation.
Investors who are interested in investing in the new capital should consider the following factors:
- Infrastructure Development
Infrastructure development will be a key factor in the success of the new capital. Investors who are interested in investing in the new capital should consider investing in infrastructure development, such as roads, airports, and public transportation. The government has already announced that it is seeking private investment in infrastructure development.
- Real Estate Development
The development of real estate will also be a significant opportunity for investors. The new capital will need to have a sufficient supply of housing and office space to accommodate the government and private sector. Investors who are interested in investing in the new capital should consider investing in real estate development.
- Energy and Utilities
The development of energy and utilities will also be critical to the success of the new capital. Investors who are interested in investing in the new capital should consider investing in renewable energy sources, such as solar and wind energy, as well as water treatment facilities and waste management systems.
- Technology and Innovation
The new capital will be designed as a smart city, with a focus on innovation and technology. Investors who are interested in investing in the new capital should consider investing in technology and innovation, such as digital infrastructure, artificial intelligence, and smart transportation systems.
- Tourism
The new capital is expected to attract tourists from all over the world, as it will be designed as a sustainable and environmentally friendly city. Investors who are interested in investing in the new capital should consider investing in tourism development, such as hotels, resorts, and eco-tourism activities.
Conclusion
The construction of the new capital presents several opportunities for investors who are interested in investing in Indonesia. The new capital, which will be called Nusantara, is expected to be built in East Kalimantan province, on the island of Borneo. The Indonesian government has allocated Rp 466 trillion ($32.7 billion) for the construction of the new capital, and private investors are welcome to invest in the development of the city.
Investors who are interested in investing in the new capital should consider investing in infrastructure development, real estate development, energy and utilities, technology and innovation, and tourism development. The new capital presents a unique opportunity for investors to be a part of the development of a smart and sustainable city that will promote economic growth and development in Indonesia.
If it is your first time, here are some examples of the results our tax lawyers can help you achieve:
- international tax optimization, to cut down your taxes (even to zero)
- analyze your specific situation and your business situation to help you choose the best country/countries for your specific needs, which guarantees you both tax savings and everything you wish for;
- protect your assets, making them "untouchable";
- become an international / global entrepreneur, able to use all world regulations and tax advantages to your benefit;
- making you profit using tax havens;
- acquire multiple residences;
- acquire new passports;
Check our main page now and contact us https://yourinternationaltaxlawyers.net
If you are not yet ready to contact us, use the mailing list form on the main page to stay updated with our tips and once-in-a-lifetime promotions.