JAKARTA -- More Indonesian businesses are announcing initiatives to invest in the country's ambitious multibillion-dollar capital relocation project as the start of next year's scheduled move gets closer, even while interest from foreign companies remains tepid over concerns a new president to be elected in February could curtail the plan.
Business trends
Indonesian companies show fresh interest in new capital project
But foreign investors still mostly taking wait-and-see approach on Nusantara
Construction is progressing on Indonesia's new capital of Nusantara, with some government functions slated to begin moving next year to the site on Borneo. (Photo by Nana Shibata)
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