Indonesia weighs bid for 2032 Olympics to be held in new capital

The victorious entry in a design contest for Indonesia’s new capital

Indonesia is considering a bid for the 2032 Olympics to be held in the not yet existing new capital on Borneo Island with the financial support from SoftBank CEO Masayoshi Son and other investors, Reuters reported.

Bahlil Lahadalia, head of the Indonesia’s investment board, said the government is evaluating how to make the unnamed new capital its candidate city for the 2032 Olympics, adding that the tentative plan has already been presented to some investors.

Citing people people with knowledge of the matter, the agency noted that top Indonesian officials had raised SoftBank’s possible backing of the Olympics bid with Son in Jakarta in late February.

The world’s fourth-most-populous country unveiled in August plans to build a $36-billion “smart and green” new capital on the island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea.

Indonesia’s President Joko Widodo enlisted the SoftBank’s Son, along with former British Prime Minister Tony Blair and Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed al Nahyan, to act as advisers and help attract funding.

The proposed site for the new capital lies in the province of East Kalimantan near the city of Samarinda and the port city of Balikpapan, which is important for coal and oil shipments. That way, the new city would be located in the geographical center of the archipelago and an area where the government already owns about 180,000 hectares of land.



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The victorious entry in a design contest for Indonesia's new capital Indonesia is considering a bid for the 2032 Olympics to be held in the not yet existing new capital on Borneo Island with the financial support from SoftBank CEO Masayoshi Son and other investors, Reuters reported. Bahlil Lahadalia, head of the Indonesia’s investment board, said the government is evaluating how to make the unnamed new capital its candidate city for the 2032 Olympics, adding that the tentative plan has already been presented to some investors. Citing people people with knowledge of the matter, the agency noted that top Indonesian...

The victorious entry in a design contest for Indonesia’s new capital

Indonesia is considering a bid for the 2032 Olympics to be held in the not yet existing new capital on Borneo Island with the financial support from SoftBank CEO Masayoshi Son and other investors, Reuters reported.

Bahlil Lahadalia, head of the Indonesia’s investment board, said the government is evaluating how to make the unnamed new capital its candidate city for the 2032 Olympics, adding that the tentative plan has already been presented to some investors.

Citing people people with knowledge of the matter, the agency noted that top Indonesian officials had raised SoftBank’s possible backing of the Olympics bid with Son in Jakarta in late February.

The world’s fourth-most-populous country unveiled in August plans to build a $36-billion “smart and green” new capital on the island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea.

Indonesia’s President Joko Widodo enlisted the SoftBank’s Son, along with former British Prime Minister Tony Blair and Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed al Nahyan, to act as advisers and help attract funding.

The proposed site for the new capital lies in the province of East Kalimantan near the city of Samarinda and the port city of Balikpapan, which is important for coal and oil shipments. That way, the new city would be located in the geographical center of the archipelago and an area where the government already owns about 180,000 hectares of land.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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