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

... Indonesia’s bid for assuming the role of regional leader Background of Indonesian new capital project In 2019, Indonesian President Joko Widodo officially approved the province of East Kalimantan as the construction site of Indonesia’s new capital, Nusantara, to be located in a resort area rich in natural resources, between the island’s two largest cities, Balikpapan and Samarinda. The name Nusantara is common in Indonesian culture, designating the historical territory of the Majapahit Empire ...