More New Capital Projects to Begin Construction Next Week
Jakarta. More investors will break ground on their respective projects in the new capital Nusantara next week, according to the Public Works Ministry.
This will mark the seventh groundbreaking phase. The vice presidential palace is also among the projects that will begin construction next week.
“We will hold the groundbreaking ceremonies for the vice presidential palace and the seventh-phase investors on Aug. 12,” the ministry’s spokesperson Endra S Atmawidjaja said in Jakarta on Wednesday, as reported by the state-run news agency Antara.
According to Endra, the investors are coming from the private sector, namely the bank BCA, hospitality giant Swiss-Belhotel, resource-based industrial group Royal Golden Eagle, and property firm Intiland. The groundbreaking ceremonies are also scheduled to take place after the cabinet meeting, which will be on the same day.
The vice presidential palace is not in the same complex as that of the president’s due to security reasons.
To date, as many as 45 investors have held their groundbreaking ceremonies.
Tags: Keywords:
Related Articles
Indonesian Parliament Approves $334 Million for New Capital Nusantara in 2027
Indonesia approves Rp6 trillion ($334 million) for Nusantara in 2027, keeping construction on track despite a lower-than-requested budget.BCA Stock Sinks to Lowest Level in Five Years
BCA shares tumble to a five-year low as foreign investors dump Indonesian stocks, despite the bank's solid earnings growth.Constitutional Court Confirms Jakarta Still Indonesia's Capital, Not Nusantara
Indonesia’s Constitutional Court ruled Jakarta remains the nation’s capital until a presidential decree transfers it to Nusantara.‘No Dollar, No Problem’: Indonesia’s Biggest Banks Connect to Alipay and WeChat Pay
Indonesia launches cross-border QRIS with China, allowing seamless rupiah payments through Alipay and WeChat Pay networks.Swiss-Belhotel Accelerates Expansion Across Indonesia with New Hotel Deals
Swiss-Belhotel expands in Indonesia with new hotel deals, targeting long-term growth and strong investor partnerships.Indonesian Billionaire Banker and Tobacco Mogul Michael Hartono Dies at 86 in Singapore
Indonesian tycoon Michael Hartono dies at 86, leaving a vast business empire spanning tobacco, banking, and technology.BCA Reclaims Top Spot as Indonesia’s Most Valuable Listed Company
BCA regains top spot on IDX with Rp 827 trillion market cap, overtaking BREN as shares in both companies decline year to date.Sarawak Open to Doing Business with Indonesia’s New Capital
Sarawak Premier Abang Johari says that there is an opportunity for businesspeople from both sides to team up in Nusantara.4,000 Civil Servants to Relocate to Nusantara This Year: Vice President
According to Gibran, construction progress remains in line with the government’s timeline, following site inspections by him.VP Gibran: Nusantara Is Not a Ghost Town, Development on Track
Vice President Gibran Rakabuming Raka said Nusantara is not a ghost town and that development of Indonesia’s future capital is on track.The Latest
Spain Beats Argentina to Win Second World Cup Trophy
Spain allowed only one goal in eight matches at the tournament, setting a World Cup record for fewest goals allowed by a champion.Controversies Surrounding the Handling of Febrie Adriansyah’s Corruption Case
The Attorney General's Office has not provided a clear explanation as to why Don Ritto was detained while Febrie was not.Prabowo's Party Rebukes Hotman Paris for Invoking President in Corruption Case
Gerindra and media leaders criticized Hotman Paris after he invoked President Prabowo while defending a corruption suspect.Anwar to Address KWAP's Investment Losses in Indonesia's eFishery
Malaysia's prime minister will explain Parliament's questions over KWAP's losses from its investment in Indonesia's eFishery.Fajar and Fikri Upset World No. 1 Pair to Win Japan Open
The Indonesians prevailed 21-19, 21-17 after producing a composed performance to counter the Koreans' aggressive style of play.Most Popular
