Indonesia prioritising 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)
Jakarta (VNA) - Indonesian Preside💃nt Joko Widodo has reiterated that his government will pay special attention to domestic players keen on investing in Nusantara Capital City (IKN), E🎉ast Kalimantan, considering their huge numbers.
He made the statement after inaugurating the Ceremonial Plaza in the National Axis area, IKN, on August 14 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 on August 17, 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 56.2 trillion IDR (3.4 billion USD), 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 the Republic of Korea (RoK) 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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