Indonesia is making progress on building a new capital in the middle of the jungle to replace congested and sinking Jakarta.

Indonesia’s faltering, $35bn plan to build a brand new capital city on the island of Borneo started 2025 with a reduction in government funding and a snub from the country’s new sovereign wealth fund.

Indonesia's future capital, Nusantara, is under construction, but some believe that it will be difficult to replace Jakarta as the country's administrative and economic center. Source: AP / AP ...

Indonesia’s New Capital May Be Spared From Prabowo’s Budget Cuts Government set to spare $30-billion project from spending cuts New capital was championed by president’s predecessor ...

Real Estate Indonesia (REI), which houses property ... has yet to see foreign investment despite claims that the planned new capital city has attracted lots of interest, citing unfinished core ...

Jakarta: The construction of Nusantara, Indonesia’s planned new capital city in East Kalimantan, has drawn flak from analysts who fear the megaproject is veering toward elite private ...