Friday, February 23, 2024

Nusantara, Indonesia’s future capital seeks Korean partners to shape the green city o the future

Reading Time: 2 minutes
Journalist IBP


Mahinda Arkyasa



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.

Journalist IBP


Mahinda Arkyasa




We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


President Director of State electricity company PT PLN, Darmawan Prasodjo, has suggested that hydrogen fuel cell vehicles as future transportation is much more efficient when compared to fuel-based, even electric vehicles.
Vale Indonesia, a subsidiary of Canadian company Vale, has denied the Indonesian government’s claim that Vale Indonesia and Indonesian state-owned mining holding company MIND ID had reached an agreement with the government on the price of divestment shares.
Pertamina Hulu Mahakam (PHM) has secured the final investment decision (FID) approval to proceed with the implementation of the more than US$ 300 million Offshore Field Development Project (OPLL-3B) in the Mahakam Block.
Vela Alpha, a drone developed by PT Dirgantara Indonesia or PTDI in collaboration with PT Vela Prima Nusantara, also known as Vela Aero, made its appearance at the Singapore Airshow 2024 aviation exhibition.
The Upstream Oil and Gas Regulatory Task Force (SKK Migas), along with Inpex Corporation, is still studying global liquefied natural gas (LNG) market projections to secure long-term gas sales contracts for the Masela Block.
Ministry of Energy and Mineral Resources (ESDM) is unveiling a promising prospect for sustainable energy development mainly in Papua’s hydropower and its potential export.