Malaysian companies keen to invest in Indonesia’s new capital city
Malaysia reportedly tops the list of countries with investors submiting the most letters of intent for investments in Indonesia’s new capital Nusantara.
Jakarta (VNA) - Malaysia reportedly topsthe list of countries with investors submiting the most lettersof intent for investments in Indonesia’s new capital Nusantara.
Agung Wicaksono, deputy for financing and investmentat the Nusantara Authority, said on March 9 that Indonesia has received about100 letters of intent so far for investments in the new capital, with half fromforeign entities, led by Malaysia.
Out of the 100 letters received, 20 entities haveentered non-disclosure agreements with the authority, he added withoutelaborating further.
This report came after the head of the NusantaraAuthority Bambang Susantono said Indonesia’s President Joko Widodo has approveda new regulation that offers tax incentives to businesses investing inNusantara, including tax holidays of up to 30 years and 95 years of land usepermits.
Susantono added that China is specificallyinterested in construction-related activities and renewable energy while countriessuch as the Republic of Korea (RoK), Japan, and other European countries havealso expressed interest to invest in Nusantara.
Susantono also said that the authority is mulling tocreate an individual enterprise to handle the business-to-business side of theinvestments.
Prime Minister Datuk Seri Anwar Ibrahim said onMarch 7 that at least 10 major Malaysian companies are looking into thepossibility of making major investments in development projects in Nusantara./.
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Illustrative image (Source: newswav.com) 
