JAKARTA: Indonesia's President Joko Widodo said on Monday that the country's new capital city, Nusantara, has received 56.2 trillion rupiahs (around US$3.5 billion) in investments.
"As of today, the investment already received for the new capital is 56.2 trillion rupiahs," Widodo said during the first Cabinet meeting held in Nusantara, broadcast on the official online channel.
This figure does not include the state budget for constructing government buildings and public facilities.
A total of 55 investors have begun constructing business premises in sectors such as banking, healthcare, retail, energy, hospitality, logistics, and housing.
One of the investors is Prabowo Subianto, a businessman and the president-elect who is expected to take office in October.
"I am optimistic that within four to five years, this city will function even better as the capital of the country," Prabowo said. - BERNAMA