Indonesia prioritizing domestic investors in Nusantara
Indonesian President Joko Widodo has reiterated that his government will pay special attention to domestic players keen on investing in Nusantara Capital City (IKN), East Kalimantan, considering their huge numbers.
Nusantara - the new capital city of Indonesia. Photo courtesy of futuresoutheastasia.com.
He made the statement after inaugurating Ceremonial Plaza in the National Axis area, IKN, on Wednesday in response to a question regarding the inflow of foreign direct investment into the future capital city. The president also highlighted that the IKN Authority (OIKN) had received 472 investment letters of intent.
He noted that after the celebration of Indonesia's Independence Day this Saturday, the government will continue to carry out groundbreaking ceremonies for various construction projects in the city.
Earlier, during the first plenary cabinet meeting at IKN on August 12, the leader revealed that the total value of investments flowing into Indonesia's future seat of government had hit IDR 56.2 trillion ($3.4 billion), adding that as many as 55 investors had conducted projects in the city involving various sectors, such as health, retail and logistics, energy, transportation, office, banking, housing and green space, as well as media and technology.
Meanwhile, Investment Minister Bahlil Lahadalia announced that four foreign companies are planning to invest in Nusantara, mentioning Japan and South Korea as their countries of origin. Asked about investments from Dubai, the minister said he had to check the data first to provide clear information.
Lahadalia also stated that the government is still focusing IKN's development on the property and public facilities sectors.
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