Property News · October 9, 2019

Indonesia to tap foreign investors for development of new political seat in East Kalimantan


Indonesia’s plan to move its capital from Jakarta to East Kalimantan will open up new opportunities for foreign investors, including those from Hong Kong and mainland China. The new political and administrative centre, to be developed at an estimated cost of US$33 billion, will be one of the biggest infrastructure projects in Southeast Asia in the next 10 years. East Kalimantan will need infrastructure such as roads, bridges, freshwater pipelines, power plants and electricity lines, and better…

Source : South China Morning Post
Read more…Indonesia to tap foreign investors for development of new political seat in East Kalimantan

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