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New minister vows to attract more investment to Nusantara
Investment Minister seat comes with leadership of the Investment Acceleration Task Force for Nusantara.
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President Joko “Jokowi“ Widodo (right) shakes hands with newly inaugurated deputy State Owned Enterprises (SOEs) minister Rosan Roeslani after the ceremony at the State Palace in Jakarta on July 17, 2023. (Antara/Hafidz Mubarak A.)
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ewly appointed Investment Minister Rosan Roeslani says he will prioritize securing more investment for the country’s future capital city of Nusantara in East Kalimantan.
Following his inauguration ceremony at the Presidential Palace, in Jakarta, Rosan told reporters that he could not divulge further information on the strategy to attract more investment for the planned capital city and will first discuss it in more detail with officials in the ministry.
This includes having discussions with former investment minister Bahlil Lahadalia to get a better picture.
“Naturally as the investment minister I will look for investment as best I can and as much as I can for the Indonesian people in [Nusantara] and, of course, for any other region in Indonesia. That’s the duty of the Investment Ministry,” Rosan was quoted as saying by Detik.com on Monday.
The investment minister’s position comes together with leadership of the Investment Acceleration Task Force for Nusantara.
Divided across several stages of development through to 2045, the centenary of Indonesian independence, the future capital city requires Rp 466 trillion (US$30.1 billion) to build, only about 20 percent of which will come from the state coffers; the rest from the private sector.
Given the grand scale of the required private financing to construct the city, the government is paying particular attention to the pursuit of funding, but investors have maintained a wait-and-see approach to the project.
