Foreign Investment In The IKN Residential Of The KPBU Scheme Enters Rp12.3 Trillion

JAKARTA - Foreign investment in the residential development sector in the form of flats in the capital city of the archipelago (IKN) in Sepaku District, North Penajam Paser Regency, East Kalimantan Province, through a cooperation scheme between the government and business entities (KPBU) has entered to around Rp. 12.3 trillion.

"This active participation of international investors is a sign of global trust," said Deputy for Funding and Investment of the IKN Authority Agung Wicaksono when asked about the development of IKN development investment in Sepaku, North Penajam Paser, quoted by Antara, Monday, May 26.

According to him, the potential for infrastructure development in Indonesia as well as the effectiveness of the KPBU scheme is an alternative financing model that is transparent, accountable, and sustainable.

"The entry of a consortium of partner countries is clear evidence of international confidence in the development of IKN," he said.

he said the picture shows that development financing strategies through the KPBU scheme have received positive responses from the global market.

Currently, he is back in the investor consortium from the United States and South Korea, he explained, also joined as the initiator of the KPBU project for the construction of flats in IKN.

South Korea, a consortium consisting of Samsung C&T and PT Brantas Abipraya, will build 21 flat towers (power) with an estimated investment value of around IDR 6.3 trillion.

Then a consortium from the United States, consisting of PJ-IC International, Bee-Invest, Ozturk Holdings, and Promec Joint Venture, along with partners from Brunei, Turkey, and Spain.

"The estimated investment value of the consortium is around Rp. 6 trillion for the construction of 20 flat towers," said Agung Wicaksono.