Indonesian President Joko Widodo led the eighth phase of groundbreaking ceremonies in the nation's rising capital Nusantara in East Kalimantan, achieving a major milestone with the formal launch of the first 100 percent foreign direct investment (FDI) projects. The ceremonies demonstrated mounting global private sector confidence in the ambitious smart city megaproject.
Headlining the international portfolio, China's hospitality conglomerate Delonix Group commenced construction on the Delonix Nusantara precinct, a 500-billion-rupiah mixed-use commercial development spanning luxury hotels, serviced apartments, and retail centers situated within the city's central business district.
Pioneering International Capital Enters Indonesia's Sustainable Jungle Metropolis
In the education sector, international academic cooperation materialized through the Australian Independent School (AIS), which broke ground on an international standard campus capable of educating hundreds of primary and secondary students. Concurrently, Russia's Moscow State University and local partners launched a joint technical institute.
President Widodo emphasized that international private investment validates the financial sustainability of the multi-billion-dollar relocation from sinking Jakarta, underscoring that public coffers cover only 20 percent of basic core infrastructure.
“The entry of pure foreign direct investment into Nusantara confirms that international confidence in Indonesia's smart, green future capital is concrete and growing.” — Joko Widodo, President of the Republic of Indonesia
Global Partnerships in Hospitality and Higher Education Accelerate Vision
Nusantara Capital City Authority (OIKN) officials noted that total private investments across all eight groundbreaking phases have surpassed 58 trillion rupiah ($3.8 billion), spanning healthcare, banking, renewable energy, and eco-tourism.
As incoming President Prabowo Subianto prepares to assume office, the smooth progression of foreign-funded urban developments ensures political continuity for Indonesia's visionary forest capital, positioning East Kalimantan as a dynamic economic growth pole for Southeast Asia.
Frequently Asked Questions
What foreign companies participated in Nusantara's eighth groundbreaking phase?
Key foreign investors include China's Delonix Group for a mixed-use retail hub and the Australian Independent School for an education campus.
How much total private investment has Nusantara secured across all phases?
Nusantara has secured over 58 trillion rupiah ($3.8 billion) in total private investment through eight groundbreaking phases.
Comments (0)
Log in to join the discussion.