"Of the 220 investors, 45 have already broken ground," he revealed in Jakarta on Thursday.
He added that the Nusantara Investment Acceleration Task Force was evaluating the feasibility of 60 other investors.
The two foreign investors hail from China and Japan. They will invest in the capital's property sector.
"They will focus on the property sector, encompassing not just housing but also hotels and office buildings," he remarked.
The task force was established by President Joko Widodo to expedite investments in the new capital.
Meanwhile, Alimudin, OIKN Deputy for Social and Cultural Empowerment, stated that private investments totaling Rp60 trillion (around US$3.6 billion) had been spent on Nusantara's development, primarily focused on basic infrastructure.
"Private investments include the construction of hotels, housing, malls, and other facilities, including schools," he said.
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Translator: Aji Cakti, Resinta Sulistiyandari
Editor: Anton Santoso
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