New capital to provide opportunities for long-term investments

27-Jan-2022 Intellasia | AntaraNews | 4:20 PM Print This Post

The new national capital, Nusantara, will provide new spaces and opportunities for middle- and long-term investment in the future, the Ministry of National Development Planning’s deputy for economic affairs, Amalia Adininggar Widyasanti, has said.

“The capital relocation will not only provide opportunities for the government but also present new middle- and long-term investment opportunities and facilities,” she remarked during the Indonesia Economic Outlook event, which was broadcast online on Wednesday.

The capital relocation is intended to spread out economic opportunities to all Indonesian regions and avoid Java-centric economic development in the future, she noted.

“Investments and exports will be the key to economic recovery. This means the government must provide a proper playing field and facilities for investors to invest in Indonesia,” the deputy said.

The development of the new national capital in East Kalimantan is also an effort to bolster Indonesia’s mission of achieving a developed economy status by 2045, she added.

Apart from providing new investment opportunities, the new national capital is also intended to become a new benchmark for a smart, green, aesthetic, and sustainable national capital, developed to meet international standards, Widyasanti remarked.

“One of the factors that will contribute to economic activities in the new capital is infrastructure development in the capital and its periphery, which includes the development of basic, logistics, and supporting infrastructures,” the deputy stated.

The government has also conceived an economic development plan for the new capital and surrounding regions in East Kalimantan, which are projected to serve as supporting regions for Nusantara city, the official said.

Samarinda, the provincial capital, will serve as a sustainable development and renewable energy manufacture development centre, while Balikpapan will support the new capital in the downstream production of oil and gas commodities to petrochemical products, she informed.

“As the new capital becomes the new development hub for the province and regions, it must provide new middle- and long-term investment opportunities that will create new jobs and bolster economic development,” Widyasanti said.

The deputy pointed out the six clusters of clean technology industry, integrated healthcare and pharmacy, sustainable agriculture, eco-tourism, chemical material industry, and low-carbon energy industry will be developed in the new capital’s periphery.

https://en.antaranews.com/news/211837/new-capital-to-provide-opportunities-for-long-term-investments

 

Category: Indonesia

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