Jakarta Is Sinking: Indonesia’s $30B Plan To Relocate 11M Residents To New Capital Starting October 2024

Ambitious plans are in place to relocate an entire sinking city 1,200 miles away to a large island inhabited by indigenous communities. More than 1.9 million residents of Jakarta, Indonesia’s capital, may need to relocate as part of an ambitious £24 billion ($30 billion) plan. The first residents are expected to move to the new … Read more

Green economy, new capital Nusantara among areas discussed with Indonesia, says PM Lee after leaders’ retreat

Mr Lee described Singapore’s relationship with Indonesia, its biggest neighbour, as “a very important” one. “I hope from Indonesia’s point of view, they find it a valuable relationship to them too.” He noted that both countries have been able “to do a lot together and to keep the relationship in good shape” over the last … Read more

China’s construction for Indonesia’s new capital Nusantara to lead growing overseas city-building portfolio

“It’s fair to say that China has the strongest squad of engineers and constructors, who have benefited from the country’s building boom since the mid-2000s,” said Xu Tianchen, a senior China-based economist with the Economist Intelligence Unit. “China is also experienced in providing full life cycle solutions, from financing to construction and maintenance, which make … Read more