Indonesia plans to build its new capital, Nusantara (IKN), in Borneo. (Image: www.setneg.go.id)
Water infrastructure companies from Japan, South Korea, and China are eager to participate in Indonesia's multibillion-dollar project to build a new capital, with the first phase of the relocation set to begin in August.
The Indonesian government plans to move the capital from Jakarta to Nusantara, a new city on the island of Borneo. As the country develops the city's basic infrastructure, it aims to house a population of 2 million by 2040 and host various industries, generating significant demand for clean water and water management systems.
"There will be business opportunities in Indonesia's new capital," said Hiroshi Shimizu, a senior civil engineer at Japan's CTI Engineering International, in an interview with Nikkei Asia during the World Water Forum in Bali. Over 250 booths were set up at the event by governments and companies from around the globe.
