Indonesia And UAE Follow Up Discussion On IKN Investment Cooperation

Indonesian President Joko Widodo (left) talks with the President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed bin Sultan Al Nahyan/BPMI Setpres

JAKARTA - President Joko Widodo and President of the United Arab Emirates (PEA)/UAE Sheikh Mohamed bin Zayed bin Sultan Al Nahyan followed up on the discussion regarding investment cooperation in the development of the Indonesian Capital City (IKN).

This was conveyed by Foreign Minister Retno Marsudi regarding the meeting of the two leaders in Abu Dhabi, United Arab Emirates, Friday, July 1.

"The two leaders are following up on the previous discussion, namely regarding cooperation in investment in IKN development," said Foreign Minister Retno in an online statement related to the meeting between Jokowi and the PEA President, as reported by ANTARA.

Retno said the two leaders discussed the implementation of PEA's investment commitments for IKN development, and several follow-up actions related to IKN investments, including

Then the formation of IKN development funding in the form of the IKN Fund by the Indonesia Investment Authority (INA) with the PEA.

"Another investment package will be prepared by Indonesia. The government is currently working on a draft government regulation related to investment," explained Retno.