On 16 August 2019, President Joko Widodo formally announced the relocation of Indonesia’s capital from Jakarta to East Kalimantan, on Borneo at an estimated cost of US$33 billion. About 80% of the cost is expected to be funded by private investments and public-private partnerships. In addition, the Indonesian government has also announced a planned investment of approximately US$40 billion to upgrade and modernise Jakarta’s infrastructure.
These twin projects are expected to drive Indonesia’s construction, utilities and finance sectors for the next decade, with investments from both within and outside of Indonesia. In this article, we outline some of the key considerations for investors and companies looking to capitalise on the potential opportunities in these sectors.
If you would like information on this or any other area of law, you may wish to contact the partner at WongPartnership or Makes that you normally work with or any of the following partners:
Manoj SANDRASEGARA
Partner
d +65 6416 8105
e manoj.sandrasegara@wongpartnership.com
Click here to see Manoj's CV.
Mark CHOY
Partner - Financial Services Regulatory
d +65 6416 8014
e mark.choy@wongpartnership.com
Click here to see Mark's CV.
James CHOO
Partner
d +65 6416 2418
e james.choo@wongpartnership.com
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Lawerence FOO
Partner
d +65 6416 2467
e lawrence.foo@wongpartnership.com
Click here to see Lawrence's CV.
Dr Yozua MAKES
Founder and Managing Partner
e ymakes@makeslaw.com
Click here to see Dr Yozua's CV.
Iwan SETIAWAN
Senior Partner
e setiawan@makeslaw.com
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FRANSISCA
Partner
e fransisca@makeslaw.com
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Billy BERNARDUS
Partner
e billy@makeslaw.com
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