Newsdeck: Indonesia considers 2032 Olympics bid for new capital city with SoftBank’s help By Reuters
The world’s fourth-most-populous country unveiled in August plans to build a $34 billion “smart and green” new capital on the forested island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea. According to the head of the Indonesia’s investment board , the government is evaluating how to make the unnamed new capital its candidate city for the 2032 Olympics.
Two people with knowledge of the matter told Reuters that top Indonesian officials had raised SoftBank’s possible backing of the Olympics plan with Son in Jakarta in late February. The people spoke on condition of anonymity as they are not authorised to speak to the media. Son met with Widodo and Blair about the new capital on Feb. 28, and the discussion included sports facilities but not the Olympics, according to a presidential spokesman, who did not answer further questions.
Lahadalia told Reuters he was not aware of specific discussions with Son. Representatives for SoftBank and Grab declined to comment.Son told reporters in January he hopes to invest more in Indonesia, with current commitments including a $2 billion investment in Grab, Southeast Asia’s biggest ride-hailing firm, last July. A separate source told Reuters that while Son was still assessing plans for the new capital, an investment announcement was likely to come in April and involve Grab.
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