President Jokowi Will Directly Invite IKN Investors
President Jokowi at IKN/DOC BPMI Setpres

JAKARTA - President Joko Widodo will directly invite potential investors to invest in the Capital of the Nusantara (IKN).

"He (the President) will have direct dialogue with potential investors who have stated that they want to participate through a 'letter of interest'. We received quite a number of 'letters of interest' to participate in various types of investments," said the Head of the Nusantara Capital Authority. (IKN) Bambang Susantono at the presidential palace in Jakarta, as reported by ANTARA, Tuesday, October 4.

Bambang conveyed this after attending an internal meeting with President Joko Widodo to prepare three tools at IKN, namely the draft government regulations, authority-owned enterprises, and socialization of investment opportunities (market surveys).

"Because we want to create a complete ecosystem so those who want to open schools, health facilities. Schools from elementary, junior high, high school to university, health from hospitals to clinics, various types of malls, various types for daily needs, everything will Later we will try to create a complete ecosystem in 2024 so that when the capital is moved, the ecosystem will already be formed," Bambang explained.

According to Bambang, the market survey that will be conducted by President Jokowi will be conducted for domestic and foreign investors.

"Domestic investors, but of course they also cooperate, and we will invite a number of ambassadors who bring potential investors," Bambang added.

The IKN Authority Agency, according to Bambang, is preparing a business entity owned by the authority that will partner with investors and business actors so that they have agility in business activities.

"In the next two or three weeks, we will see how the terms are 'repurposing' and 'refocusing' from a business entity that is now a state-owned enterprise to become a business entity that is tailored to the needs of IKN. I think at this stage this is still moving, "said Bambang.

Previously, the Minister of Development Planning/Head of Bappenas Suharso Manoarfa said PT. Bina Karya (Persero) as one of the state-owned enterprises engaged in construction engineering consulting services entered as one of the candidates for a business entity owned by the authority.

"We will use the existing SOEs so that they have been 'screened' and assigned tasks to PT Danareksa and then four companies are obtained. For example, currently PT Bina Karya (Persero). PP No. 31/1962, which is important, has the President's approval, and later it may be consulted with the DPR," said Suharso.

IKN itself covers a land area of ​​approximately 256,142 hectares and a marine area of ​​approximately 68,189 hectares located in North Penajam Paser and Kutai Kartanegara Regencies in East Kalimantan Province.

In the IKN Master Plan it is stated that IKN development will occur in 5 stages, namely phase I in 2022-2024 for urban development, basic infrastructure development, and economic development as well as the relocation of the TNI, Polri and BIN; Phase II in 2024-2029 with the target that primary and secondary public transportation facilities are ready for use.

Phase III in 2030-2034 with the target of completing the mass public transportation system, wastewater treatment plant (IPAL), drinking water treatment plant (IPAM), supporting facilities for sponge city, waste processing, adding digital and urban amenities.

Phase IV in 2035-2039 begins with the development of the education and health sectors as well as the completion of the construction of regional railways and multipurpose dams. Phase V in 2040-2045 which is marked by sustainable industrial development and stable population growth.

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