Jakarta (ANTARA) - One of the major businessmen in the oil and gas sector in Brunei expressed interest in investing in a renewable energy project in Indonesia's future capital IKN, Indonesian Ambassador to Brunei Darussalam Sujatmiko stated.

The interest was conveyed directly to Ambassador Sujatmiko at the investment forum, themed "Investing in Nusantara Capital City," which was held by the Indonesian Embassy in Bandar Seri Begawan on Monday (January 30).

According to Sujatmiko, it was only natural that Bruneian investors participate in the development of Indonesia's future capital, especially in the form of investment, considering the location of the new capital that is on the same island as Brunei Darussalam.

He also underlined the importance of connectivity between Indonesia, Malaysia, and Brunei Darussalam in Kalimantan, the expansive Indonesian part of Borneo.

Indonesia aspires to become one of the developed countries and the fifth-largest economy in the world by 2045, coinciding with 100 years of Indonesian independence.

Development of the new capital city is one of Indonesia's Economic Transformation strategies to achieve those goals.

To this end, the government is currently preparing several incentives to encourage investment in IKN.

"These incentives are far more attractive than the facilities currently available to business actors in Indonesia," a speaker from the Indonesian Ministry of Investment stated at the forum.

On the occasion, several investment opportunities in IKN in 2024 were offered to Bruneian investors, including the construction of six health facilities, four educational facilities, three office buildings/business centers, five mixed complexes, and three residential areas.

To date, the Nusantara Capital Authority (OIKN) has received more than 70 Letters of Interest from potential investors to invest in IKN.

The government also offers investment guarantees in infrastructure through the Indonesian Infrastructure Guarantee Fund (IIGF), whose mandate has been expanded to guarantee infrastructure development in IKN.

Some potential investors have shown more interest by making some inquiries during the question and answer session at the forum and after the event, the Embassy stated.

Related news: PUPR Ministry allocates Rp10.38 trillion for IKN development in 2023
Related news: Lahadalia, Blair discuss investment prospects in IKN Nusantara
Related news: Domestic products to be prioritized in Nusantara development: govt

Reporter: Yuni Arisandy Sinaga
Editor: Sri Haryati
Copyright © ANTARA 2023