Indonesia's new capital, Ibu Kota Nusantara (IKN) in East Kalimantan, is set to receive substantial foreign investment, particularly in property development. Minister of Investment Bahlil Lahadalia announced that four foreign investors are preparing to enter, with confirmed interest from Japan and South Korea. These investors will focus on building residential and public facilities within IKN. Among them, Japan's Sojitz Corporation plans to develop a superblock, including hotels, housing, and commercial areas. Samsung Group from South Korea is also set to invest through a Public-Private Partnership (PPP) to create a similar superblock, though the specific investment amounts have not yet been disclosed. This surge in interest aligns with previous statements by Minister of Public Works and Public Housing, Basuki Hadimuljono, who indicated that 60 investors have already shown a keen interest in IKN's property sector.
These investments are part of a broader strategy to ensure the success of Indonesia's new capital, which aims to drive economic growth and urban development. The government's focus on attracting foreign investors underscores its commitment to creating a thriving and sustainable city that will serve as a model for future urban development in the region. With major players like Sojitz and Samsung involved, IKN is poised to become a significant hub for both local and international businesses, contributing to Indonesia's long-term economic vision.
