ER
THERE is a minimum of IDR200 trillion of investment that will be included in the first phase of the Nusantara Capital City Development Project (IKN).
According to the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia in a press conference on investment realization in Jakarta, Monday (10/24) stated that there have been investment commitments from a number of countries including the United Arab Emirates (UAE), China, South Korea, and Taiwan.
“We are targeting that in 2023 they (UAE) will enter IKN, which is already a firm of US$20 billion, which is okay. And they will enter IKN and some investments in other sectors,” he said.
Meanwhile, Bahlil also said a number of European countries had submitted offers and some had even been brought to President Jokowi.
“There are many investors who want to be involved in the IKN development project. Of the total IKN investment of more than IDR500 trillion, only about 20% comes from the State Revenue and Expenditure Budget (APBN) and the rest is from investment. Therefore, private investment is needed to participate in the IKN development which will be completed not only in a matter of a year or two,” he said.
He explained, it’s not one year, two years to complete, it can take up to 10 years before it can be completed. For the first stage based on the master plan, hopefully it will be in accordance with the schedule. In 2024 what the government has proclaimed, for us to have the August 17 ceremony at IKN, hopefully it will be realized.
Bahlil added that his party was discussing the Government Regulation Draft (RPP) regarding the ease of doing business at IKN. The RPP is targeted for completion by the end of October.
“Government regulations for incentives (IKN) at the Ministry of Investment, so now it’s being discussed. It should be finished this October, God willing, I will pursue that target,” he concluded. [antaranews/photo special]
