💨 Abstract

Indonesia's President Joko Widodo initiated the groundbreaking of a Chinese firm's property complex in the new capital of Nusantara on Borneo. This marks the first foreign investment in the troubled new capital, with Chinese property firm Delonix Group investing $33 million. The new capital, aimed at relieving pressure from congested, sinking, and overpopulated Jakarta, has faced issues like construction delays and lack of foreign investment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖