OIKN Receives 360 Investment Initial Commitments, The Value Reaches IDR 50 Trillion Currently

Illustration. (Photo: Doc. Antara)

The Capital Archipelago Authority (OIKN) reports that there are currently around 360 Letter of Intent (LoI) or an initial commitment to investing in IKN.

"The private investors who have signed the last data LoI are around 357, yes. Maybe it has increased to around 360," said OIKN Deputy for Funding and Investment Agung Wicaksono in a media briefing on the 5th Groundbreaking Preparation Update for the Capital City of Nusantara online, Tuesday, February 27.

Agung said that the interest of private investors since the laying of the first stone or groundbreaking at IKN has indeed continued to increase.

He added that until now the total investment since the first groundbreaking has reached Rp50 trillion.

"Then, who are the private investors who have entered? There are many if you want to describe one by one since the groundbreaking first in September 2023 and maybe if the total value is around Rp. 50 trillion," he said.

The fifth phase of the groundbreaking is scheduled to take place on Friday-Saturday this week or on February 29-1 March 2024. Later, there will be four (4) of the financial services industry involved in the groundbreaking.

Even so, Agung has not been able to reveal the total investment value of the groundbreaking after the 2024 election.

"Later we can see (the total investment) ahead of the groundbreaking or after the groundbreaking. Now everything is being calculated in detail. But, yes, we are getting closer to IDR 50 trillion," he added.