Indonesia's new capital offers 'huge opportunity' to Lippo: CEO

John Riady says conglomerate keen to build schools, hospitals in Nusantara

20221108 GMF Day1 Lippo Karawaci CEO John Riady interview

Lippo Karawaci CEO John Riady wants to build schools, hospitals and other infrastructure for Indonesia's new capital, he said in an interview in Tokyo on Nov. 8. (Photo by Satoko Kawasaki)

KENTARO IWAMOTO and KOYA JIBIKI, Nikkei staff writers

November 10, 2022 14:01 JST

TOKYO -- Indonesian conglomerate Lippo Group sees "a huge opportunity" in the country's capital relocation plan, according to the group's leader, saying it is keen to build hospitals, schools and other facilities in the planned city.

In an interview with Nikkei Asia on Tuesday on the sidelines of the Nikkei Global Management Forum in Tokyo, Lippo Karawaci CEO John Riady welcomed the government's decision to move the capital from Jakarta to Nusantara, a new city being built on the island of Borneo.