IndoMuudland’s $33B Capital Relocation Plan to modernize Indonesia is Imploding

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IndoMuudland’s $33B Capital Relocation Plan to modernize Indonesia is Imploding

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07-08-2024, 10:00 AM

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IndoMuudland’s $33B Capital Relocation Plan to modernize Indonesia is Imploding

An honorable member of the Coffee Shop Has Just Posted the Following:

" Jakarta is the fastest sinking city in the world, and the Indonesian government is moving its capital 800 miles away from the island of Java. Nusantara is set to open next month but with investors pulling out, project heads resigning and little complete, the city’s fate remains uncertain.

WSJ explores how the promised capital risks squandering Indonesia’s funds and damaging the country’s reputation. "
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