OIKN Receives 357 Investment Initial Commitments, Domestic Investors Still Dominate

IKN Nusantara (Photo: dock. Antara)

The Capital Authority of the Archipelago (OIKN) reports that there are currently 357 Letter of Intent (LoI) or initial commitments to invest in IKN.

OIKN Deputy for Funding and Investment Agung Wicaksono said, of this total, around 42 percent came from foreign companies.

"Of the 357 LoIs that have entered, there are around 150 LoIs who are foreign companies," said Agung Wicaksono in Jakarta, Monday, February 19.

Agung said the most investment interest came from Singapore, Malaysia, Japan, China and Korea. Meanwhile, the most popular sectors are housing, technology and energy.

"There are around 8 companies (LoI occupancy) that are already in the process now, have completed a feasibility study or FS is being evaluated for us later in the selection, tender. If these companies are realized later, some are from China, Malaysia, maybe at least the value is IDR 45 trillion from the capital expenditure value (Capex) for them to build," he said.

Second, the technology sector to make cities a smart city. Interested investors include Korea, the United States, France, and China.

While in the third sector there is energy. Agung said Middle Eastern countries, such as the United Arab Emirates and Saudi Arabia, had already expressed their interest.

"And surely for them between 5 and 10 billion dollars, the plan will be allocated to build renewable energy," he said.

Agung further said that investment in IKN was not affected by the 2024 general election (Pemilu). He added that his party is waiting for a good transition process between President Jokowi's administration and the next presidential government.

"In the next few weeks, the fifth groundbreaking will be carried out. We will encourage, especially the banking sector," he concluded.