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KM Financial Solutions | Indonesian minister says SoftBank offering to invest up to $40 bln in new capital
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Indonesian minister says SoftBank offering to invest up to $40 bln in new capital

16 Jan Indonesian minister says SoftBank offering to invest up to $40 bln in new capital

Posted at 11:04h in News by
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SoftBank has offered to invest
up to $40 billion in the new capital city Indonesia plans to
build on Borneo island, a minister said on Friday, though the
Japanese tech conglomerate said no figure had been suggested
yet.
Indonesian President Joko Widodo announced in August plans to
move the administrative capital to East Kalimantan province, on
Borneo, to relieve Jakarta from “a heavy burden” due to
overcrowding and pollution.

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