A street vendor sells papers with the news of Indonesian New Capital Nusantara (IKN) on its headline, during a traffic in Jakarta, March 15, 2022. REUTERS/Willy Kurniawan/File PhotoJAKARTA, Oct 19 (Reuters) - Indonesia will offer generous incentives, including a 30-year tax break, for companies investing in a $32 billion project to build a new capital city in the country called Nusantara, an official said late on Tuesday. Bambang Susantono, head of the Nusantara National Capital Authority, made the comments at a gathering with hundreds of local and foreign investors in the current capital Jakarta. Susantono asked the gathering to consider investing in areas such as healthcare, education and entertainment in the new capital, promising that regulations on fiscal incentives would be released soon. A June survey of 170 experts by the Indonesian Centre for Strategic and International Studies found nearly 59% were unsure the Nusantara project would materialise, citing uncertainty over funding and management.

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