Selangor State-Owned Companies Express Strong Interest in Investing in Indonesia’s Nusantara Capital City Development

Several state government-owned companies from Selangor, Malaysia, have expressed strong interest in investing in the development of Indonesia’s new capital city, Nusantara, according to Invest Selangor, the state’s investment promotion agency. These companies are involved in various sectors, including residential construction, health services, renewable energy, and waste management.

Invest Selangor’s CEO, Datuk Hasan Azhari Idris, stated that the agency is interested in potential development cooperation from the early stages of the Nusantara project and in providing skills and expertise. The agency plans to engage closely with the Nusantara Capital City Authority (OIKN) and is open to the possibility of submitting a letter of intent.

Datin Paduka Norazlina Zakaria, the Group CEO of Selangor government-owned Worldwide Holdings Bhd, expressed interest in exploring investments in the real estate sector, green energy, and halal-certified medical products. She highlighted the potential for collaboration with local healthcare companies in Balikpapan, East Kalimantan, to bring Indonesian goods to Malaysia and vice versa.

Selangor State Secretary Datuk Haris Kasim expressed hope that Selangor could participate in the Nusantara development program by partnering with Indonesian government ministries, agencies, and companies. This initiative aims to strengthen bilateral relations for the long term.

Invest Selangor is participating in a Malaysia External Trade Development Corporation-led export acceleration mission to Indonesia to explore investment opportunities in Nusantara.

Note: Nusantara is the planned new capital city of Indonesia, which is set to replace Jakarta as the country’s administrative center.

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