IKN, Kadin plan event to promote investment in Nusantara

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Samarinda, East Kalimantan – The Nusantara City Authority (IKN) and the Indonesian Chamber of Commerce and Industry (Kadin) aim to hold a market sounding event to encourage investment in the new capital and its outskirts.

“Aside from promoting investment prospects, the market sounding event this week will also hear investor aspirations,” said Sidik Pramono, Head of the New Capital Transitional Team’s media and communication team, in a statement on Monday.

The market sounding event is a follow-up to an event hosted in August by the new capital authority and Kadin to spread information on investment prospects in the new capital. 250 entrepreneurs attended the previous event.

In line with the new capital development project, which has strategic value for the national economy, the government will also provide different facilities to facilitate a smooth flow of investments into the new capital, including business license and investment incentives, he added.

“We expect that the proposed schemes will attract regional investments and outperform (investment in) neighboring nations because we offer various opportunities to investors,” a team member stated.

Basuki Hadimuljono, Minister of Public Works and Public Housing, had stated that the first phase of central government core area construction in the new capital is scheduled to be finished by 2024.

The presidential and vice presidential palaces, utilities systems, and national road and toll road networks connecting the new capital to Balikpapan, East Kalimantan, will be built in the first phase, he said.

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