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Sunday, June 23, 2024

Bangkok Post – China”s construction for Indonesia”s new capital Nusantara to lead growing overseas city-building portfolio

A general view of the city skyline of Jakarta. Indonesia is building a new capital in Nusantara on Borneo island to reduce the burden of Jakarta. (Photo: Reuters)

HONG KONG: China is positioning itself to become one of the top foreign investors in Nusantara, the planned new capital of Indonesia that is being built from scratch over the next 20 years in the middle of forests and palm tree farms.

The investment is expected to become the stand-out showpiece in a growing body of work building smart cities and other landmark urban zones in other countries, analysts said.

The projects in turn would help China connect with…

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