Brunei Consortium Darussalam Investments IDR 7 Trillion To IKN, Kepincut Bangun Residential ASN

IKN illustration (Photo: Doc. intermediate)

The Capital Archipelago Authority (OIKN) said that it had just received an initial commitment to investment or letter of intent (LoI) from an international consortium after Indonesian President Joko Widodo (Jokowi) visited Brunei Darussalam some time ago.

OIKN Deputy for Funding and Investment Agung Wicaksono said that the estimated investment commitment to be injected by the consortium reached around IDR 7 trillion.

"Investment from this (consortium) is said to be around Rp. 4.5 trillion to a maximum of Rp. 7 trillion. However, once again it is still in the LoI stage," Agung said in an online media briefing, Tuesday, January 16.

Agung said that the international consortium consisted of Brunei Darussalam and Saudi Arabia. Both are also interested in investing in the ASN residential sector.

"The consortium (consortium) is for ASN and private housing in the Central Government Core Area (KIPP)," he said.

According to Agung, the consortium is also interested in investing using the government and business entity cooperation scheme (KPBU). However, he has not been able to provide further information about this.

"We will carry out the next stage later. Moreover, there are (projects) that they are interested in with the KPBU scheme, of course there will be a feasibility study (FS) that is evaluated and then a selection or auction is carried out," he added.

As previously reported, President Joko Widodo (Jokowi) has just made a state visit to Brunei Darussalam, Saturday, January 13, 2024.

On this occasion, Jokowi revealed various investment potentials and plans of the Indonesian government in building IKN. "I want to tell you about the capital city of the archipelago. This is Indonesia's strategic agenda and part of the Indonesia Gold 2045 mission which has been approved by parliament, a 93 percent vote has been passed," Jokowi said in his official statement.

In addition, Jokowi also ensured that the construction of phase 1 IKN could be accelerated by mid-2024. In addition, he also emphasized that currently IKN has received many investment commitments to support other infrastructure development.