OIKN Secretary Bimo Adi Nursanthyasto stated that this area encompasses palaces, as well as the headquarters of coordinating ministries and the State Secretariat Ministry.

Phase II will be supported by a 48.8 trillion IDR (approximately 2.8 billion USD) allocation from the state budget.

The plan is to encourage and facilitate countries to relocate the headquarters of their diplomatic missions from Jakarta to the future capital by 2028, said head of the IKN Authority Basuki Hadimuljono on February 17.

The relocation was set to begin in January 2025 after being postponed three times last year.

The Indonesian government has committed to developing Nusantara city in East Kalimantan into a complete political capital by 2028, one year before President Prabowo Subianto's term ends.

The Indonesian Government has approved a budget of 48.8 trillion IDR (around 2.99 billion USD) for the second phase of the development of Indonesia's new capital Nusantara (IKN) from 2025 to 2029.

The Indonesian government has allocated 48.8 trillion IDR (2.99 billion USD) for the second phase of developing Nusantara, Indonesia's new capital, for the 2025-2029 period. This represents a notable decrease from the 89 trillion IDR set aside for the first phase in 2022-2024.

President Prabowo Subianto remains committed to developing Indonesia's new capital city, Nusantara, in East Kalimantan, the Presidential Communication Office (PCO) has announced.

The Indonesian Government spent 43.4 trillion IDR (2.69 billion USD) from the 2024 state budget on the development of the country’s new capital, Nusantara, accounting for 97.3% of the 44.5 trillion IDR ceiling.

Indonesian Public Works Minister Dody Hanggodo has announced that the relocation of President Prabowo Subianto's office to the new capital of Nusantara (IKN) is slated for August 17, 2028.

Indonesian Forestry Minister Raja Juli Antoni announced on October 21 that President Prabowo Subianto remains committed to advancing the development of the new capital, Nusantara (IKN), located in East Kalimantan province.

Indonesia’s Nusantara Capital City Authority (OIKN) is preparing land for embassies of foreign countries in the new capital.

Indonesian President Joko Widodo held his first cabinet meeting in the planned new capital, Nusantara, on August 12.

A memorandum of understanding (MoU) on cooperation has been signed between the Land Bank Authority of Indonesia and J Trust Group of Japan to develop Penajam Eco City, designed as a commercial hub to serve as the economic engine of Indonesia's new capital.

Indonesia's parliament on March 28 designated a special status for Jakarta, keeping the metropolis as the country's economic epicentre, as the Southeast Asian country is planning to move the capital city to Borneo island.

The US Trade and Development Agency (USTDA) has approved grant funding of 31.3 billion IDR (over 2 million USD) to Indonesia to develop its new capital city of Nusantara (IKN).

The Authority of Indonesia’s new Capital City of Nusantara (OIKN) is set to launch the Nusantara Capital City (IKN) Command Centre in its fifth wave of groundbreaking on February 29 and March 1.

The Indonesian government has cut its target for relocating senior civil servants to the new capital city of Nusantara this year to 6,000 from the initial number of over 11,900.

Indonesian Transportation Minister Budi Karya Sumadi on January 24 said that Nusantara Airport in the capital city of Nusantara (IKN), East Kalimantan, is targeting to be completed and can be tested in July 2024.

A total of 41.4 trillion IDR (2.67 billion USD) has been invested in projects launched as part of the first, second and third phases of Indonesia’s new capital Nusantara this year.