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Jakarta Post

Plans for new capital on track with int'l support

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Sat, January 18 2020   /  12:10 am

President Joko “Jokowi” Widodo explained on Friday that his recent move to invite world-renowned figures to join a steering committee for the relocation of the country's capital to East Kalimantan was made to win the trust of investors as the government seeks greater participation from the private sector to finance the multibillion-dollar project.During a recent official visit to the United Arab Emirates (UAE), Jokowi invited UAE Crown Prince Sheikh Mohammad bin Zayed al Nahyan to join the steering committee, which also includes the chief executive officer of a Japan-based diversified conglomerate, the Softbank Group, Masayoshi Son, and former British prime minister Tony Blair.He told reporters he was hoping to tap into the wealth of experience of these people, adding that it would hopefully also attract more private investors to help develop the new capital.“We want to build trust...