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IKN rakes up Rp20 trillion of domestic investment

Tempo - September 22, 2023

Antara, Jakarta – At least ten domestic investors poured over Rp20 trillion of investment to develop public facilities in Nusantara State Capital (IKN). "The IKN investment from the consortium so far raked up to Rp20 trillion," said IKN Authority head Bambang Susantono in a written statement in Jakarta yesterday.

The ten investors are Agung Sedayu Group, Salim Group, Sinar Mas, Pulauintan, Adaro Group, Barito Pacific, Mulia Group, Astra Group, Kawan Lama Group, and Alfamart Group.

Bambang claimed the consortium cares about the development of IKN. "Not only IKN as a livable city but also as a lovable city," he said.

Apart from the consortium, Bambang mentioned that there are other investors involved in the development of IKN across various sectors such as hotels, shopping malls, hospitals, education, and offices. Among these investors are Pakuwon, Marriott, Jambuluwuk, Vasanta, Hermina, and Jakarta Intercultural School.

Earlier, President Jokowi attended the groundbreaking process of Hotel Nusantara development in North Penajam Paser, East Kalimantan, marking the first private investment in IKN. The president hoped the investment could become a new magnet for Indonesians, a strategy to create equal economic growth and population number.

"Around 56% of Indonesians live in Java Island, equal to 149 million of people. Java Island especially Jakarta is our magnet," he said. "Thus, the heavy burden of Javacentrism has to be shaved off, transform it into Indonesiacentrism."

Source: https://en.tempo.co/read/1774949/ikn-rakes-up-rp20-trillion-of-domestic-investmen