Elections Not Only In Indonesia, Foreign Investors Will Be Hampered To Enter IKN?

Head of the IKN Authority Bambang Susantono (Photo: screenshot)

The Capital Archipelago Authority (OIKN) is optimistic that the general election (election) which also simultaneously occurs in various parts of the world in 2024 will not affect investors' interest in investing in IKN.

It is known, there are at least 57 countries that will hold elections this year. These countries include Indonesia, South Africa, the United States, India, Britain, to several European countries.

OIKN chief Bambang Susantono said investment from abroad would arrive along with the massive development of basic infrastructure projects that have been built in the first phase.

OIKN chief Bambang Susantono said investment from abroad would arrive along with the massive development of basic infrastructure projects that had been built in this first phase.

"God willing, it will not (influent), yes. In my opinion, there will be other positive sentiments that we can create, especially from those who have entered (invested in IKN)," Bambang told reporters in Jakarta, quoted on Saturday, January 27.

I ensured that, Bambang will make domestic investors who have invested in IKN a 'duta' to talk to foreign investors about the certainty of the market in the new capital city.

According to Bambang, foreign investors will be interested in seeing the rise of domestic investors who have started laying the first stone or groundbreaking for development at IKN.

"We hope that later (domestic investors) will become our ambassador to talk to those who are still not in to participate in our market in the future. In other words, we will create the market," he added.

As previously reported, the Capital Archipelago Authority (OIKN) has received 345 Letter of Intent (LoI) or an initial commitment to investing in IKN.

OIKN Deputy for Funding and Investment Agung Wicaksono said, of this total, about 40 percent came from foreign investors.

"In total there are 345 LoIs, the average is still around 60 percent of domestic (investors), while from foreign investors of course the remaining around 40 percent," Agung said in an online media briefing, Tuesday, January 16.

Agung said that the most foreign investors still came from Singapore, Japan, Malaysia, China, and South Korea.

"And yesterday's addition was Brunei Darussalam and Saudi Arabia, because they are an international consortium," he said.