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Daewoo Engineering & Construction Chairman Jung Won-ju has recently engaged with industry leaders and officials in Indonesia to broaden the scope of the company's global construction projects, focusing on the extensive development of the Southeast Asian country's new capital that is expected to be inaugurated as early as August next year. Indonesia is actively preparing to relocate its capital from Jaka.
Indonesia’s tycoons will continue pouring money into real estate next year despite high interest rates and a tight presidential election, partly thanks to government incentives.