Nusantara, poised to be the future capital city of Indonesia, is calling upon Korean corporations to join hands in crafting the city of the future. Mohammed Ali Berawi, head of green and digital transformation for the new capital project, announced the Indonesian government’s intention to collaborate with Korean giants such as LG and Hyundai Motors in enhancing urban air mobility infrastructure.
“We are already working closely with Korean companies like LG and Hyundai Motors to digitalize and revolutionize our urban mobility infrastructure,” stated Berawi.
Nusantara’s emergence as the capital city symbolizes a bold move in addressing environmental and urban concerns. Indonesia’s government aspires to create a model capital on Borneo Island that champions sustainability, green urban development, and net-zero emissions.
“We aim to establish Nusantara as an iconic green city, and we warmly invite Korean companies to engage and be part of this groundbreaking initiative,” added Berawi.
Indonesia’s decision to relocate its capital stems from persistent issues like flooding, land subsidence, overpopulation, and congestion in Jakarta, where a significant portion of the nation’s population resides. By transferring the capital to Nusantara, Indonesia aims to reinvigorate its economy and distribute economic growth more evenly outside of Java.
Agung Wicaksono, Deputy Chair of the Nusantara Capital City Authority (OIKN), unveiled an exciting development: Stanford University’s interest in investing in the new capital. Stanford University has expressed a Letter of Intent (LoI) to establish a sustainability school, referred to as the “Stanford Doerr School of Sustainability in Nusantara,” signaling a breakthrough in the education sector.
During the inauguration ceremony of “Hotel Nusantara,” the first hotel in the emerging capital, President Jokowi conveyed his appreciation to the consortium of Indonesian businesses driving the development.
Spearheaded by Sugianto Kusuma (Aguan), the consortium includes influential players such as the Agung Sedayu Group, Salim Group, Sinar Mas Group, Pulau Intan, Adaro, Barito Pacific, Astra Group, Mulia Group, Alfamart Group, and Kawan Lama Group.
The construction of Hotel Nusantara is projected to necessitate an investment of IDR 20 trillion (US$ 1.3 billion), marking a significant milestone in Nusantara’s journey toward becoming a prominent global capital city.
For further information and to explore potential collaborations, Korean businesses are encouraged to take part in shaping the promising future of Nusantara.