Nusantara Is Not Built in a Day: Indonesia’s New Capital and Opportunities for Russian Investments

... licenses, availability of land for real estate development. Can Russia participate? On January 5, 2023, Indonesian Ambassador to Russia Jose Antonio Morato Tavares officially announced in an interview to RIA Novosti that Indonesia invites investors from Russia to participate in the construction of the new capital Nusantara on the island of Kalimantan. This position reflects the Indonesian side’s interest in Russian companies to be involved in the project. Earlier, in the summer of 2022, the Russian ambassador to Indonesia, Lyudmila Vorobyeva, also informed ...