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View all search resultsThe country is counting the days until Nusantara, the planned future national capital and President Joko "Jokowi" Widodo's legacy project, is showcased at the state's 79th Independence Day celebration. The city is still far from being finished, but it has already fueled economic growth in its surroundings, with locals reaping some of the benefit.
Public Works and Housing Minister Basuki Hadimuljono announced the new date for the first cabinet meeting in Nusantara after President Joko "Jokowi" Widodo postponed the initial plan to hold a meeting in the new capital city on Aug. 1, citing ministers going on work trips and a lack of furniture at the Garuda Presidential Palace.
The government has announced the completion of the new presidential palace in the future capital city of Nusantara, East Kalimantan, as authorities race to complete other key infrastructure projects in the future capital city to host the Independence Day celebrations next month.
President Joko “Jokowi” Widodo flew to the United Arab Emirates on Tuesday in yet another attempt to persuade investors to put their money into Nusantara, as the outgoing leader’s administration races to complete the capital relocation project amid lingering doubts.
President Jokowi has issued a new regulation that grants investors an HGU of up to 190 years and an HGB of up to 160 years, contingent upon an evaluation in the fifth year, as the government struggles to lure investors to finance the IKN megaproject.
The construction of the Nusantara Capital City (IKN) in East Kalimantan has missed its target of having basic infrastructure such as water supply and electricity and some state offices built by the end of this month, forcing the government to delay the capital relocation plan once again and raising more questions about the feasibility of the megaproject.
President-elect Prabowo Subianto and vice president-elect Gibran Rakabuming Raka are to be sworn in at the Senayan legislative complex in Jakarta, rather than in the Nusantara Capital City (IKN) in East Kalimantan as previously announced, People’s Consultative Assembly (MPR) deputy speaker Ahmad Muzani of the Gerindra Party said on Friday.
During a groundbreaking ceremony in Nusantara, East Kalimantan, President Joko "Jokowi" Widodo claimed that the new capital city project will receive "a big investment" from the United Arab Emirates in the coming months, while urging potential investors to buy land in the future city.
With just under four months to go until the country celebrates its 79th anniversary, the government is finalizing its plans and preparations to relocate almost 12,000 civil servants to the new capital still under development in East Kalimantan.
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