Jakarta (ANTARA) - President Joko Widodo (Jokowi) conveyed the investment opportunities in the development of Indonesia's new capital city (IKN), Nusantara, to a number of businesspeople who are members of the consortium of investors in Brunei Darussalam.

"This (Nusantara) is Indonesia's strategic agenda and is part of the 2045 Golden Indonesia mission, which the parliament has approved; the law has been created and was approved with 93 percent of votes," he said through a statement from the Presidential Secretariat issued here on Sunday.

At the meeting with the businesspeople held at Assarraa Guest House, Bandar Seri Begawan, on Saturday (January 13), President Jokowi stated that Nusantara is being developed as a forest city with smart technology support.

He noted that 70 percent of the new capital's area is designated as green areas, and 80 percent of transportation is green-energy-based public transportation.

"This is a commitment to continuing to maintain the island of Kalimantan—Borneo—as the lung of the world, which provides real benefits for the community as well as creating a new magnet for the economy," he said.

According to him, the progress of the core development has reached 70 percent and is targeted to be completed by mid-2024.

In addition, many investments have been received and construction projects have been started, marked by groundbreaking events, he added.

"There are 13 that have carried out groundbreaking work; there are three hospitals, five hotels, and two malls; there is a training center for football; there is also green transportation; and it also includes the Nusantara Superblock in an integrated area with a five-star hotel, entertainment venue, and shopping center," he explained.

President Jokowi expressed hope that Brunei businesspeople would invest in IKN.

He stated that the government had prepared several incentives for investors in IKN in the form of super tax deductions, tax holidays, and import duty exemptions.

After the meeting, the consortium of investors submitted a Letter of Interest, which was carried out by Putri Amal Rakiah to the Head of the Nusantara Capital Authority (OIKN), Bambang Susantono.

At Saturday's meeting, the president was accompanied by several state officials, among them Foreign Affairs Minister Retno Marsudi and State-Owned Enterprises (SOEs) Minister Erick Thohir.

Translator: Andi Firdaus, Raka Adji
Editor: Azis Kurmala
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