In accordance with government policy in Indonesia, it was decided to move the capital of the country from Jakarta to East Kalimantan.
The policy should lead to a huge demand for metal products. Total demand in Indonesia is expected to reach 22.7 million tonnes by 2024, which is 50% higher than in 2018.
The capital relocation project in Indonesia is expected to take about 20 years.
However, since the plan will take a very long time, the risk for the project may be whether the future president will support this plan or not, if not, it will lead to a significant waste of resources.
To increase demand for steel, the Indonesian government plans to relocate the country's capital
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Azovpromstal® 2 January 2020 г. 10:37 |