Jokowi Asks For Land For Investors In IKN Using A Buying System, The Price Is Set By The Authority

President Jokowi during the groundbreaking for the construction of the Nusantara Hotel in the IKN area, PPU, East Kalimantan, Thursday, September 21, 2023. (doc. BPMI Setpres)

JAKARTA - President Joko Widodo (Jokowi) has asked for the provision of land for investment in the capital city of Nusantara (IKN), East Kalimantan (Kaltim), to be accelerated.

According to the Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono, the directive was conveyed by President Jokowi after receiving many complaints from investors about the speed of investment in IKN.

Therefore, the President ordered that land for investors be immediately determined status with a buying and selling system.

"Earlier, the suggestion from the Minister of Investment (Bahlil Lahadalia) was also agreed by the President so that the land was sold (to investors), the price was set by the IKN Authority," Basuki said after attending an internal meeting chaired by President Jokowi at the Presidential Palace in Jakarta, Wednesday, March 13, which was confiscated by Antara.

However, the President underlined that the process of accelerating the provision of land for investment in IKN does not violate the rules.

"That was his sentence: work fast, do not violate the rules. He himself will monitor this process in the future," he said.

President Jokowi also ordered special desks for investor complaints and prepared person in charge (PIC) to communicate intensively with investors.

"So whether one PIC is to (handling) one investor, or five investors, or even 10 investors, so that investors can communicate intensively with the IKN official appointed as PIC," said Basuki.

According to IKN Authority Head Bambang Susantono, the investment value in IKN is close to IDR 49.6 trillion with 32 institutions that have implemented the groundbreaking for their project development.

"Of course we will continue what has been grounded to be realized as soon as possible. That was what we saw earlier that this investment needed to be realized in the field so that later a comprehensive ecosystem within the Central Government Core Area, which could be a model for the development of the next IKN," said Bambang.