Palmers Say: Indonesia's New Capital Construction Progress and Investment Opportunities Detailed in May

First, the new capital of Indonesia is located near Balikpapan, the capital city of East Kalimantan Island, covering an area of 2,560 square kilometers, of which the core area of the capital is 560 square kilometers and the expansion area is 2,000 square kilometers, the construction began in July 2022, and the progress has been completed by 80% as of May 2024, with the state-owned enterprises of Indonesia being responsible for the construction of the presidential palace and the part of the office building, and the private enterprises of Indonesia being responsible for the construction of shopping malls, hotels, schools, hospitals and other ancillary facilities. Indonesian state-owned enterprises are responsible for the construction of the presidential palace and some office buildings, while Indonesian private enterprises are responsible for the construction of shopping malls, hotels, schools, hospitals and other ancillary facilities, with the participation of Indonesian-Chinese consortiums.

Secondly, according to news reports, in June 2024, Indonesia's Minister of Transportation will be the first to relocate his office to Xindu, and on August 17th, President Joko will hold a National Day celebration in Xindu, with an expected 8,000 guests from all walks of life in Indonesia.38 central government ministries will be relocated to Xindu starting in September, containing more than 12,000 civil servants, and from 2025 to 2035, the completion of the The relocation of the entire central government will be completed between 2025 and 2035, and by 2045, the population of Xindu will reach 2 million.

Third, up to now, Indonesia's new capital has carried out five rounds of groundbreaking ceremonies, pulling the investment of 50 trillion rupiah, equivalent to about 23.8 billion yuan, the construction of the next 10 years will continue to pull Indonesia's investment, the Indonesian government is also open out a basket of preferential policies, including 160 to 190 years of land, as well as the establishment of a company in the new capital, as long as the amount of investment in the 10M, equivalent to about 4.5 million yuan can enjoy up to 30 years of corporate income tax exemptions, while under normal circumstances the investment of more than 50 million yuan to apply for investment preferential conditions. You can enjoy up to 30 years of corporate income tax exemption, while in the regular case of investment of more than 50 million yuan to be eligible to apply for investment incentives.

Okay, what do you want to know about the investment opportunities in Sindo, Indonesia, I'm Mr. Wang Palm, who has been in Indonesia for 20 years, and I'm joining Indonesia Business Link to help you explore the Indonesian market efficiently.