An aerial view of Sepaku district in North Penajam Paser, East Kalimantan which is the site of the new Indonesian capital. The Public Works and Housing Ministry announced the “Nagara Rimba Nusa” design as the winner of the design contest for the country’s new capital city in East Kalimantan
JAKARTA: SoftBank Group Corp offered to invest US$30bil to US$40bil toward the development of a new Indonesian capital, a senior member of President Joko Widodo’s cabinet said on Friday (Jan 17).
SoftBank Chief Executive Officer and founder Masayoshi Son met Jokowi, as the head of state is popularly known, in Jakarta last week and expressed his interest in joining the project. The billionaire has already been appointed to the steering committee overseeing the city’s construction.
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