Jokowi, 61, is ending his second and final five-year term in about a year after a decade of rule marked by political stability, steady growth and business-friendly policies on infrastructure and tourism. The incumbent is backing Central Java Governor Ganjar Pranowo, the presidential contender for the ruling Indonesian Democratic Party of Struggle, or PDI-P, of which both are members.
Indonesian President Joko Widodo assured investors his policies and projects will carry on, including the construction of a new capital city even after he steps down from office next year.
“Your investment in Indonesia will continue to be safe and also the continuity of the Nusantara new capital city,” the leader better known as Jokowi said in his speech at the Ecosperity Week conference in Singapore on June 7. “Everything will be fine, don’t worry,” he said, seeking to reassure investors closely watching the leadership transition after the February 2024 election.
