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Jokowi stresses Nusantara continuity under next president

Indonesian leader calls for funding new capital as investors voice concerns

Indonesian President Joko Widodo speaks at a conference in Singapore on June 7, touting investment opportunities in the country's capital relocation project. (Photo by Tsubasa Suruga)

JAKARTA/SINGAPORE -- Indonesian President Joko "Jokowi" Widodo on Wednesday gave a speech in Singapore, seeking to reassure investors that his capital relocation project will continue even after the presidential succession expected next year.

Indonesia plans to relocate its capital from Jakarta to Nusantara, a new city to be built on the island of Borneo. But with Widodo constitutionally barred from seeking a third five-year term in the presidential election in February 2024, some investors have expressed concerns the next president might scrap the project.

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