Indonesia's new capital Nusantara awes tourists but faces uncertain future

PoliticsBusiness lobby says investors look for 'implementation certainty' in $26bn projectThe Garuda Palace in Nusantara is illuminated at dusk. Investors are becoming more selective and demanding greater certainty before pouring money into projects in the new capital, an Indonesian Chamber of Commerce and Industry deputy chairman says.NATSUMI KAWASAKIAugust 13, 2026 16:47 JSTNUSANTARA/JAKARTA -- One evening in late July, a group of tourists stared in awe as they took photos of the beautifully illuminated eagle-shaped Garuda Palace in the center of Nusantara, Indonesia's planned new capital city on Borneo island.