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Home Feature News

‘Big Fish’ flock to invest in Indonesia’s New Capital IKN

Haris Sunandar by Haris Sunandar
January 2, 2024
in Feature News, GovAct, Whats on
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Urban Plan of Indonesian New Capital (IKN)

Urban Plan of Indonesian New Capital (IKN)

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Heaptalk, Jakarta – Indonesia’s New Capital or also known as IKN apparently becomes the main focus for the vice presidential candidate of the 2024 presidential election. Most recently, vice presidential candidate number 3, Mahfud MD mentioned there has been no investor registered yet for the National Capital during the vice presidential debate of the 2024 presidential election that was held on Tuesday (22/12/2023) at the JCC, Jakarta.

“Up to this point, there still hasn’t been one investor registered for the National Capital (IKN), if there are any, please state which investors that have been registered,” said Mahfud MD who also serves as Coordinating Minister for Political, Legal and Security Affairs.

In response to that statement, Head of the Archipelago Capital Authority (OIKN), Bambang Susantono during his written press release on Sunday (24/12) replied, there are plenty of investors that are already registered. In fact, the investment value of the private sector for the construction of the new capital city will reach IDR 45 trillion by the end of 2023.

“For details, approximately USD1.490 (USD1.490 equals to Rp23 trillion) has been used for the initial physical development or the groundbreaking in September 2023. Then another USD777 (USD777 equals 12 trillion) for the groundbreaking in November 2023,” explained Bambang.

Bambang on that opportunity also explained which investors that have been registered to the National Capital, the list being:

  1. Agung Sedayu Group (Sugianto Kusuma)
  2. Salim Group (Anthony Salim)
  3. Sinarmas Group (Franky Widjaja)
  4. Intan Island (Pui Sudarto)
  5. Djarum Group (Budi Hartono)
  6. Wings Group (Wiliam Katuari)
  7. Adaro Group (TP Rahmat/Boy Tohir)
  8. Barito Pacific (Prajogo Pangestu)
  9. Mulia Group (Eka Tjandranegara)
  10. Astra Group (Soeryadjaya).
  11. Mayapada Hospital
  12. Pakuwon Group
  13. JIS Hermina
  14. Bank Indonesia
  15. BPJS Ketenagakerjaan 
  16. PLN Indonesia

Apart from that, OIKN has also obtained 330 letters of interest or investment letters of intention (LOI).

“Around 55% are domestic investors that put their focus on domestic development. There are also Singapore, Japan, China and Malaysia that become the four countries that sent the most LOIs,” concluded Bambang

 

Editorial team: Wulan Dari, Prazna Alyfia Ghefira

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