Delonix Group, a prominent international company in the global tourism sector, is set to become the first foreign investor to directly contribute to the mega project of Nusantara’s new capital city (IKN). Troy Pantouw, the spokesperson for the Nusantara Capital Authority (OIKN), announced that the China-based company will undertake a mixed-use development project in IKN. The groundbreaking for Delonix will take place on the second day of the eighth phase of investment groundbreaking, scheduled for 25 September 2024. "The groundbreaking on 25 September will mark the participation of one foreign investor from China without local partnerships," Troy stated to Bisnis on Monday (23/9/2024). OIKN previously disclosed that Delonix’s investment in IKN is valued at IDR 500 billion.
Delonix Group is a China-based firm with a focus on offline consumer sectors such as hotels, restaurants, and airport lounges. One of its flagship brands, New Century Hotels and Resort, is part of its extensive portfolio. To date, Delonix has invested in over 1,300 hotels across key tourism and business hubs worldwide, providing more than 195,000 rooms in total. The company first entered Indonesia in 2023 by establishing PT Delonix Group Indonesia. Currently, the group is marketing its investments in Ruby Hotel and MJ Hotel in the country, and it plans to open 20 new hotels within three years, with a majority of developments concentrated in the Greater Jakarta area.
