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Indonesia Seeks New Capital Investors After SoftBank Exit – Post

Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan said Indonesia is turning to Saudi Arabia and the United Arab Emirates (UAE) to fill the funding gap

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Indonesia capital
A tugboat pulls a coal barge along the Mahakam River in Samarinda, East Kalimantan province, March 2, 2016. Photo: Beawiharta, Reuters.

 

The Indonesian government is scrambling to find new investors for its multi-billion dollar new capital city project following the exit of Japan’s Softbank Group.

Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan said the government was turning to Saudi Arabia and the United Arab Emirates (UAE) to fill the funding gap.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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