Authority Reveals Dubai Investors Are Interested In IDR 3.7 Trillion Investment In IKN, Planning To Build A Mall

Head of the Archipelago Capital Authority Basuki Hadimuljono. (Photo: Doc. VOI)

The Capital Authority of the Archipelago (OIKN) said there was an interest in investment from one of the investors from Dubai, United Arab Emirates (UAE). The investor plans to build a shopping center, aka malls and mixed use.

OIKN Head Basuki Hadimuljono revealed that the Dubai company, Ayedh Dejem Group, has expressed interest in investing in developing 10 hectares (ha) of land in IKN.

"Dejem yang (investor) Dubai itu mau membuat mal. Itu ada 10 hektare, 8 (hektare) dibukin mal, yang 2 hektare dia mau waqfkan untuk membangun masjid," ujar Basuki di Gedung DPR RI, dikutip Selasa, 16 September.

On the same occasion, Deputy for Funding and Investment at OIKN, Sudiro Roi Santoso, explained that the investment commitment that had been conveyed by Ayedh Dejem Group reached IDR 3.7 trillion.

But unfortunately, he still has not specified when the investment interest will be realized.

However, said Sudiro, the development will be carried out in the Central Government Core Area (KIPP).

"The initial 10 hectares are estimated at around Rp3.7 trillion," he said.

Previously, Basuki said, there were six companies that officially signed investment cooperation agreements at IKN on Wednesday, May 21, 2025.

These companies are engaged in various sectors, ranging from culinary, hospitality, education, retail, construction to commercial and residential properties.

"Six private companies signed cooperation agreements to invest in IKN with a total value of Rp3.65 trillion," Basuki said as quoted from his written statement, Friday, May 23.

Basuki stated that the inclusion of the six companies adds to the ongoing investment value for the development of IKN in East Kalimantan.