The trip is a follow-up to the Leaders' Retreat between the two countries in March in Singapore. Read more at straitstimes.com.
JAKARTA – A delegation of more than 130 government officials and businessmen from Singapore are on a visit to explore opportunities in Indonesia’s upcoming capital, in what is one of the first in a series of roadshows the archipelago plans to carry out to market its massive project.Indonesia’s Ambassador to Singapore Suryo Pratomo told The Straits Times.ahead of the Leaders’ Retreat in Singapore.
The 2,561 sq km project, about three times the size of Singapore, was announced three years ago by Mr Widodo. The state will bear 20 per cent of the costs, while Indonesia hopes the private sector will foot the rest. The group arrived in Balikpapan on Tuesday and attended a welcome dinner by Public Works and Public Housing Minister Basuki Hadimuljono. “We appreciate the visit of a large number of businessmen from Singapore,” he said, adding that the programme will help them understand what is being done for the project.
Referring to the agreements signed, Mr Widodo said he welcomed the outcome of the retreat and noted the interest among Singapore investors in the development of Nusantara.Indonesia dangles lucrative Jakarta leases to entice investment in new capital Nusantara
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