Business trendsIndonesian developers rush to join capital relocation project
Government's announced farewell to Jakarta expected to create 500,000 jobs
Indonesian President Joko Widodo announces the relocation of the country's capital, a move that is expected to boost the nation's economy by 2%. © Reuters
ERWIDA MAULIA, Nikkei staff writer
August 29, 2019 16:18 JST
JAKARTA -- A day after President Joko Widodo announced his plan to move Indonesia's capital to East Kalimantan Province, property developer Agung Podomoro Land placed a full-page ad in a national newspaper offering investment opportunities in a new apartment and commercial complex in the province's largest city.