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Al Jazeera
Al Jazeera
Business
Aisyah Llewellyn, Abdallah Naem

Crowdfunding a capital: Indonesia’s unusual pitch raises eyebrows

Indonesia's government has proposed moving the capital out of Jakarta due to the city's chronic pollution and overcrowding [File: Ajeng Dinar Ulfiana/Reuters]

Penajam Paser Utara Regency, Indonesia – Indonesia has suggested crowdfunding the relocation of the country’s capital after a major investor declined to back the $32bn project, prompting ridicule from critics and questions about ownership of the planned city.

The unorthodox proposal came to light on Monday when the head of the government agency behind the plan told local media the option is being explored after Japan’s SoftBank Group Corp opted not to invest in the project.

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