OIKN Says Malaysian Entrepreneurs Will Invest In IKN

IKN Nusantara (Photo: dock. Antara)

JAKARTA - The IKN Authority (OIKN) revealed that Malaysian entrepreneurs plan to invest in Nusantara, East Kalimantan in strengthening the residential and education sectors.

'Malaysia is a foreign country that has achieved significant progress in the capital city of Nusantara. The Malaysian ambassador is the first to review the location of the diplomatic compound. In addition, in the Government and Business Entity Cooperation (KPBU) scheme, IJM Corporation Berhad and Maxim Global Berhad are the leading foreign initiating candidates for the residential sector," said Deputy for Funding and Investment at OIKN Agung Wicaksono quoting Antara.

Agung also hopes that Limkowing University from Malaysia can immediately join and start groundbreaking in the capital city of Nusantara.

Malaysian Ambassador to Indonesia Dato' Syed Md Hasrin Tengku Hussin together with a delegation of potential investors from Malaysia, IJM Corporation Berhad, Maxim Global Berhad, and Limkowing University of Creative Technology visited IKN.

During the visit initiated by the Ministry of Investment of the Republic of Indonesia, Ambassador Hasrin and his entourage accompanied by the Deputy for Funding and Investment of the IKN Authority Agung Wicaksono, conducted field surveys to various potential locations appointed for Malaysian investor business activities.

IJM and Maxim, two foreign companies from Malaysia that are currently in the process as prospective initiators in the Government and Business Entity Cooperation (KPBU) scheme in the residential sector. The two companies have reached the finalization stage of the feasibility study, placing them as foreign companies with the leading progress in the KPBU scheme.

On the other hand, Limkowing University plans to invest in the higher education sector, to support the education ecosystem in the archipelago.

Malaysian Ambassador to Indonesia, Dato' Syed Md Hasrin Tengku Hussin said, the development of IKN took place quickly according to President Joko Widodo's direction for the celebration of the Independence Day of the Republic of Indonesia in August, where thousands of guests would be invited to directly see for themselves the progress of IKN.

He also expressed his hope that other Malaysian companies, especially those from Sabah and Sarawak, would take advantage of investment opportunities in IKN and share experiences.

This step is expected to contribute to strengthening relations between the two countries, especially given their closeness as neighboring countries.

In addition to visiting locations that have the potential for investment, the Malaysian Ambassador to Indonesia also visited the area designated as the diplomatic compound, which will be used as a location for the Embassy of various foreign countries in the capital city of Nusantara.