IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

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Cindy Mutia Annur 30/01/2024 13:32 WIB

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According to the IKN Authority (OIKN), investment realization for IKN development from 2023 to January 29, 2024, has reached Rp47.5 trillion, the majority of which comes from the private sector.

IKN Investment Realization by Source (2023-January 2024*)

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IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

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IKN Investment Realization by Source (2023-January 2024*)

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The Nusantara Capital Authority (OIKN) reports that investment realization for the development of Nusantara City from 2023 to January 29, 2024, has reached Rp47.5 trillion.

OIKN Head Bambang Susantono stated that this realization is calculated from the start of Nusantara City's construction until the groundbreaking ceremony marking the commencement of the fourth phase of physical construction in January 2024.

"Throughout 2023, the investment realization achieved was Rp41.4 trillion. Investment has increased by Rp6.1 trillion to date," said Bambang, as reported by *Katadata* on Monday (January 29, 2024).

The majority of IKN's investment realization comes from private investors, exceeding Rp39.5 trillion. Meanwhile, investment realization from State-Owned Enterprises (SOEs) amounts to Rp8 trillion.

The OIKN targets public investment for the development of Nusantara City to reach approximately Rp100 trillion by the end of 2024.

According to Bambang, the SOEs and private investors that have joined can create positive sentiment to attract new investors.

The OIKN is optimistic that more investors will invest long-term capital in the development of Nusantara City this year, even during the election period.

"We are confident that investment in Nusantara City will continue," said Bambang.

President Joko Widodo (Jokowi) previously stated that the development of Nusantara City requires approximately Rp466 trillion, with an estimated 19-20% from the State Budget (APBN) and approximately 80% through investment.

Recently, 15 Finnish companies have expressed interest in investing in IKN. These companies come from various sectors, ranging from energy and electric vehicles to 5G and 6G telecommunications network companies, and others.

Editor : Adi Ahdiat

"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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IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

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IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

IKN Investment Realization Reaches Rp47.5 Trillion, Mostly from the Private Sector

Tags

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20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

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