Which Countries Showed Investment Interest in IKN as of August 2024?
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The Nusantara Capital Authority (IKN) reports receiving 423 letters of intent (LOIs) from foreign investors for the development of Nusantara.
"However, not all of these LOIs represent investment interest; many are from parties seeking to act as vendors, consultants, and others," said Agung Wicaksono, Deputy for Funding and Investment at the IKN Authority, during the ASN Fest 2024 event broadcast online on Saturday (August 3, 2024).
Agung estimates that only half of the LOIs represent genuine investment interest in IKN. His team is currently sorting through the received requests.
The largest number of foreign investors come from Singapore, with 29 LOIs. This is followed by China with 26 LOIs, Japan with 25 LOIs, Malaysia with 22 LOIs, and South Korea with 10 LOIs.
Furthermore, investment requests were received from the United States (10 LOIs), Finland (4 LOIs), Spain (3 LOIs), Germany (3 LOIs), and other countries (288 LOIs).
Agung is optimistic that the foreign investment process will be easily realized. This is supported by Presidential Regulation Number 75 of 2024 concerning the Acceleration of the Development of the Nusantara Capital City.
"We've received a great deal of support, and there's legal certainty for processing investments, which we've previously prioritized domestically," he stated.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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