Jakarta to be Financial Center After Capital City Relocation, OIKN Says
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18 February 2024 20:26 WIB
TEMPO.CO, Jakarta - Jakarta will become Indonesia's business and financial center after the government shifts base to the new capital city Nusantara, head of the Nusantara Capital City Authority (OIKN), Bambang Susantono, said on Saturday.
"Jakarta will become a financial center, for sure. Business and financial centers will stay here, we will have a new financial superhub," he said at a seminar on "The Future of Jakarta after Nusantara."
He added that Jakarta will become a financial superhub just like Almaty in Kazakhstan after its capital was shifted to Astana.
To support this development, Indonesia and Kazakhstan have signed a memorandum of understanding (MoU) to make Nusantara and Astana sister cities, he informed.
The capital relocation is expected to create a mutually strengthening relationship between Nusantara and Jakarta.
Jakarta will remain a business and financial center, while Nusantara will be a smart and inclusive city, he expounded.
Jakarta has remained an attractive investment magnet, with continual growth and high economic value. With the shifting of the national capital to Nusantara, economic growth outside Java Island is expected to continue and get evenly distributed.
"We will have an economy superhub outside Jakarta," Susantono said.
Meanwhile, regional director I of the National Development Planning Ministry (Bappenas), Abdul Malik, said that Jakarta's role will become vital after the national capital moves to Nusantara.
Malik highlighted that Jakarta is the second-largest metropolitan area in the world after Tokyo.
Jakarta and its buffer areas, such as Bogor, Depok, Tangerang, and Bekasi, will be the largest agglomeration zone in the world.
"Many predicted that there will be two megapolitans, which are Jakarta and the Bandung Basin. These two will become the main drivers," he said.
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