Nusantara Authority Invites SMEs to Invest in New Capital Nusantara

TheIndonesia.id - The Nusantara Capital Authority is inviting small and medium enterprises (SMEs) to invest in the new capital city to create a comprehensive and healthy ecosystem for future capital residents.

Head of Nusantara Authority Bambang Susantono said the new capital will offer massive investment opportunities, and SMEs are welcomed to invest their money because their participation can help Nusantara transform into a livable city by 2024.

“We wouldn’t only see tall buildings as well as sophisticated language and topography, but also an atmosphere that can be enjoyed in capital city Nusantara,” Susantono said on Tuesday, August 23, as reported by Antara.

On the occasion, he also revealed that the progress of Nusantara development is still on track and in accordance to schedule.

“The overall progress is still on track and based on schedule, and Insya Allah, the Minister of Public Works and Housing will sign a number of [project] contracts next week,” the former vice president for knowledge management and sustainable development at the Asian Development Bank (ADB) confirmed.

Susantono said there will be various investment opportunities upon the aforementioned signing that will attract different investors, including small businesses.

The Investment Coordinating Board (BKPM) has also reportedly started discussion on incentive schemes for potential investors in Nusantara including those related to ease of doing business and permit issuance.

The Indonesian government continues to encourage investment in the new capital, and foreign investors have reportedly showed their interest.

In March, during a meeting with Singapore’s government officials, the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan persuaded the neighbor country to take part in a number of projects in Indonesia, including new capital development.

“We expect Singapore to take part like Saudi Arabia, the United Arab Emirates, and China who will invest in the new capital,” Pandjaitan said.

And in June, it was reported that investors from Hong Kong eyed opportunities to put their money in Indonesia’s new capital Nusantara, as revealed by Indonesian Consul General in Hong Kong Ricky Suhendar.