Big Take Asia
Indonesia Is Building a New Capital. It’s Not Going Well
Sep 10, 2024
Faris Mokhtar from Bloomberg, an expert on Southeast Asian economies, dives into Indonesia's ambitious yet troubled capital project, Nusantara. He highlights Jakarta's unbearable overcrowding and pollution as the driving force behind the move. However, the project faces daunting challenges, including reluctance from civil servants and dwindling foreign investments. Mokhtar discusses the dire need for adequate funding and the potential consequences for Indonesia's economy if the plan falters. The future remains uncertain as skepticism grows.
15:32
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Quick takeaways
- Jakarta's severe overcrowding, pollution, and land subsidence are driving the urgent need for relocating Indonesia's capital to Nusantara.
- The ambitious Nusantara project faces critical setbacks like funding challenges and investor apathy, jeopardizing its success and Indonesia's economic future.
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