NUSANTARA/JAKARTA — In late July 2026, tourists visiting Nusantara, Indonesia’s planned new capital on Borneo island, were captivated by the sight of the beautifully illuminated eagle-shaped Garuda Palace at the city’s center. The architectural landmark has become a symbol of the ambitious $26 billion project to relocate Indonesia’s capital.

However, despite the visual appeal and government backing, the future of Nusantara faces uncertainty from an investment perspective. According to a deputy chairman of the Indonesian Chamber of Commerce and Industry, investors are becoming more selective and are demanding greater "implementation certainty" before committing funds to projects in the new capital.

This cautious stance highlights the challenges ahead for Nusantara as Indonesia seeks to develop the city into a functional and thriving administrative center.

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