IKN Authority Continues To Goda Global Investors Support Nusantara Development

Photo: BPMI Setpres/Laily Rachev

JAKARTA - Deputy for Funding and Investment of the Archipelago Capital Authority (OIKN) Agung Wicaksono invites world investors to support the development of the archipelago.

"As of April 10, 2023, we recorded that there were 182 Letter of Intent (LOI) submissions from entrepreneurs from 16 countries from the company. 50 percent of them came from Indonesia, and most of them came from Singapore, Malaysia, America, France and China," Agung said while attending a conference at the Hannover Messe 2023 event at the Indonesian Infinite Journey, Hall 2, Hannover Messe 2023, Germany, Tuesday 18 April.

Agung menyampaikan citasi tidak Roosevelt, some people make things happen, some watch things happen, while others wonder what has happened.

The statement emphasized that Agung inspiringly invited dozens of seminar participants, some of whom were suspected of being potential investors, industry players and journalists, from various countries, to support the development process of the archipelago, the capital city of Indonesia's future.

In his presentation, Agung excitedly conveyed what fields the Indonesian government offered to world investors, as the jargon of the capital city of Nusantara (IKN) as the city of the world for all.

This shows the high interest of world investors in competing to support IKN development.

The potential for investment refers to various fields, including 22 LOIs proposed for technology, 21 fields of energy, 15 fields of education, 15 others to build housing infrastructure, and the rest in health areas, waste management, office buildings, and others.

Meanwhile, OIKN Secretary Achmad Jaka Santos Adiwijaya, also explained the Government's long-term vision regarding IKN. In addition to conceptual as a smart and sustainable world forest city, the Government is also committed to preserving more green areas in an area of 256,000 hectares.

Currently, according to Jaka, the Government is targeting to build this IKN with 65 percent that maintains tropical forest areas and another 35 percent for smart city development.

Currently, according to Jaka, 22 housing towers for workers are expected to be completed this year.

They will be the first population to build capital infrastructure at least in this first stage will build a Government Center Core Area, consisting of the Presidential Palace and Vice President, ministry buildings with a sharing office concept, as well as ASN housing, police and military members who will occupy an area of 920 square kilometers.

We hope that more and more world-class investors can take advantage of investment in the archipelago. The best facilities will be provided for ease of doing business in Indonesia's future capital, Nusantara," Jaka added as quoted by Antara.

Several ease of doing business facilities for investors include tax holidays, tax breaks of up to 100 percent for investors in the infrastructure sector, and other businesses, including for the Financial Center Region sector.

Then there are also super tax deductions, import duties and conveniences for importing capital goods, as well as free import duties for imports of materials and goods.

"Therefore, on this occasion, we invite global investors to take part in this extraordinary and rare opportunity and become part of the history of the development of a new civilization in the archipelago, the new capital city of Indonesia," said Jaka.