There Are 20 National Private Investors Will Groundbreaking At IKN Starting November 2023

Head of OIKN Bambang Susantono. Photo: Theresia Agatha/VOI

JAKARTA - The Archipelago Capital Authority (OIKN) said that there are as many as 20 national private investors who are interested in carrying out construction or groundbreaking investors in the National Capital City (IKN) of the Archipelago, East Kalimantan, this year.

"There are still many more of us queuing for the groundbreaking, but there are already around 20 potential candidates," said OIKN Head Bambang Susantono to reporters in Jakarta, Tuesday, September 26.

He said that the parties would start construction or groundbreaking in November 2023. "God willing, November, depending on the President's schedule," said Bambang.

Bambang said that the 20 investors would not only invest in the physical sector, but also in other fields.

"For example, another area is a place to conserve people's debts, then create a place for horse racing," he said.

Furthermore, Bambang said the potential investment value of the 20 candidates reached more than IDR 10 trillion.

"I can't say yet, what is certain is more than IDR 10 trillion, and we want local first (starting groundbreaking)," he concluded.

As previously reported, the Nusantara Capital Authority (OIKN) said it had received 284 Letters of Intent (LoI) or initial commitments to invest in IKN Nusantara. A total of 284 LoIs came from 21 countries.

OIKN Deputy for Funding and Investment Agung Wicaksono said that many countries were interested in investing in IKN. There are eight steps to investing in IKN, namely LOI submission, one-on-one meeting, response letter, feasibility study, LOI review and prioritization, confirmation letter, NDA and Data Request, and Deal Closing.

"From this stage, we have received almost 300 letters of interest, 284 LoIs from around 21 countries, almost half more than domestic, red and white. The neighboring countries of Malaysia, Singapore are quite significant, China and Japan are also significant," said Agung in the Business Forum Talkshow at the Infrastructure Forum and Edutainment Expo monitored online, on Wednesday, September 13.