Expo 2020 Dubai Has Been Completed, There Is No News For Nusantara IKN Investment Enthusiasts

Illustration (Photo: Doc. Antara)

JAKARTA – The world's largest exhibition, Expo 2020 Dubai, has ended this weekend. The event which was held for six months in the United Arab Emirates was a strategic stage in establishing global-scale business cooperation. Indonesia as one of the world's major economic countries participated in the annual agenda. At this time, the government is encouraging a number of priority sectors to cooperate with global investors. One of the programs offered is the development plan for the National Capital City (IKN) of the Archipelago. However, until this news was published, the government had not provided a firm statement regarding investors who were interested in working on IKN. However, in an official release it was stated that the development of the National Capital City invites investors to invest through the Public Private Partnership (PPP). “Indonesia is optimistic to attract investors. investors through innovative financing that is risk-free," said the Director General of National Export Development of the Ministry of Trade and Commissioner General of the Indonesian Pavilion Didi Sumedi in a press statement quoted on Sunday, April 3. According to Didi, IKN will become the center of Indonesia's economic transformation to support Indonesia's Vision 2045 in accordance with the directions from President Joko Widodo, where 80 percent of the IKN project is expected to be financed by the national and foreign private sectors.

"This Expo 2020 Dubai event is the right opportunity to introduce the PPP scheme to make this big project a success," he said. “IKN development is also inseparable from Indonesia's success in completing previous large infrastructure projects. Such as the construction of the Palapa Ring, the development of the Republic of Indonesia Satellite (Satria), to toll road projects in a number of areas in Indonesia," he said. As previously reported by the editorial, one of the strategic investors of IKN Softbank stated that he had withdrawn from investment commitments in the National Capital of the Archipelago, East Kalimantan. Softbank made the decision last month. In fact, the international financial institution plans to invest 100 billion US dollars in the IKN development project.