Developers propose themed districts in Indonesia’s new capital

In this photo released by Indonesian Presidential Palace, Indonesian President Joko Widodo, center, inspects the presidential palace construction site at the new capital city Nusantara in Penajam Paser Utara, East Kalimantan, Indonesia, Wednesday, June 5, 2024.(Vico/Indonesian President Palace via AP)

JAKARTA: Local developers are advocating to build themed districts as part of the Nusantara Capital City (IKN) with potential concepts including a Koreatown and Middle East town, in a bid to attract investment for the future capital city.

Real Estate Indonesia (REI), which houses property firms in the country, said these districts could allow the IKN project to replicate the success of Jakarta’s metropolitan expansion through township development surrounding its periphery.