🌏 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮'𝘀 𝗕𝗼𝗹𝗱 𝗟𝗲𝗮𝗽: 𝗡𝘂𝘀𝗮𝗻𝘁𝗮𝗿𝗮 𝗮𝘀 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗖𝗮𝗽𝗶𝘁𝗮𝗹
#Indonesia 🇮🇩 is embarking on an unprecedented journey, moving its capital from #Jakarta to #Nusantara, a visionary city rising in East Kalimantan on the island of Borneo.
Slated for inauguration in just two months on August 17, 2024, coinciding with Indonesian Independence Day, Nusantara symbolizes a new era for the nation. 🇮🇩
𝗪𝗵𝘆 𝗡𝘂𝘀𝗮𝗻𝘁𝗮𝗿𝗮?
Jakarta, the current capital, has long been burdened by overpopulation, pollution, and the looming threat of sinking. Nusantara offers a fresh start. An ambitious project valued at US$35 billion, encompassing 2,560 km² of hilly landscapes, forests, and a natural bay. This move embodies the Wawasan Nusantara vision, reflecting Indonesia's identity as an archipelagic state.
𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲
Construction kicked off in July 2022, with the first phase focusing on essential infrastructure like government offices, schools, and hospitals. By October 2024, 6,000 civil servants are expected to relocate, with numbers doubling by year-end. The Ministry of Public Works and Housing will be the first to move, followed by the Office of the President.
President Joko "Jokowi" Widodo remains optimistic, assuring that the capital is on track despite recent resignations within the overseeing body. His commitment is clear: Nusantara will host this year's Independence Day celebrations, marking a significant milestone in its development.
𝗔 𝗦𝗺𝗮𝗿𝘁, 𝗚𝗿𝗲𝗲𝗻 𝗩𝗶𝘀𝗶𝗼𝗻
Nusantara is not just a new city; it's a smart, green city designed for the future. With renewable energy sources and environmentally-friendly waste management, it aims to be a model for sustainable urban living. This transformation aligns perfectly with global ESG (Environmental, Social, and Governance) trends, showcasing Indonesia's dedication to sustainable growth.
𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗔𝗵𝗲𝗮𝗱
While challenges remain, including securing private investment and navigating political transitions, the spirit of innovation and resilience drives Nusantara forward. President-elect Prabowo Subianto has pledged to continue this monumental project, potentially refining its scope and design.
𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀
At Dezan Shira & Associates, we see incredible investment opportunities in Nusantara. Indonesia’s government has issued regulations streamlining business licenses for investors. With sectors like maritime, agriculture, energy, and technology open for operation, and incentives such as significant tax exemptions and extended land use permits, the landscape is ripe for strategic investments.
Explore these opportunities further and check out the links in the comments for a detailed discussion on corporate establishment requirements and tax benefits in Nusantara.
Nusantara is more than a capital; it's a testament to Indonesia's bold vision and enduring spirit. 🌿🏙️
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8moWhat do you thin, is this visionary or worrying?