The state officials saw an opportunity to develop cable car in new capital Nusantara.
The designated land is located in Paser, Kurtai Kartanegara, and North Penajam Paser regencies.
There has been discussion on incentive schemes for potential investors in Nusantara including those related to ease of doing business and permit issuance.
Hong Kong Investors Observe Opportunity to Put Money in New Capital
TheIndonesia.id - Investors from Hong Kong are reportedly looking at opportunities to put their money in Indonesia’s new capital Nusantara, as revealed by Indonesian Consul General in Hong Kong Ricky Suhendar.
According to Suhendar, the relocation of Indonesia’s capital from Jakarta to East Kalimantan has opened investment opportunities, and Hong Kong investors are said to be interested in being part of the megaproject.
“The government’s decision to move the capital to Nusantara created many opportunities for potential investors from Hong Kong,” he said on Sunday, June 25, as reported by Antara.
The state representative said the investors are studying the opportunities in infrastructure, transportation, housing, and other public facilities.
As reported, economic cooperation between Indonesian and Hong Kong continues to grow amid the setbacks caused by COVID-19 pandemic as well as current global economic, food, and energy crises.
In 2021, Hong Kong’s investment realization in Indonesia was in the second place – below Singapore – and it even surpassed China’s position.
“That’s why the economic recovery momentum in Indonesia and Hong Kong must be optimized by businesses in the two countries,” Suhendar suggested.
The Indonesian Embassy in Hong Kong previously held seminar attended by representatives from the Hong Kong General Chamber of Commerce and a number of groups and entrepreneurship communities.
On the occasion that focused on Indonesia-Hong Kong’s business trends, the Indonesian government revealed that it has started to transition from pandemic and endemic, and that business owners can now travel to Indonesia at ease as restrictions have been gradually ended.