"Throughout 2023, the realization of investment reached Rp41.4 trillion (around US$2.62 billion). As of now, investment has increased by Rp6.1 trillion (around US$386.34 million)," OIKN Head Bambang Susantono stated here on Monday (January 29).
Private investors and state-owned enterprises (SOEs) injected a combined Rp47.5 trillion (US$3.04 billion) into the project, with private investors contributing Rp39.5 trillion (US$2.5 billion) and SOEs adding Rp8 trillion (US$506.93 million).
The OIKN is targeting investment in the development of Nusantara, which can be sourced from private investors and SOEs, to reach around Rp100 trillion (around US$6.33 billion) by the end of 2024.
According to Susantono, investors who are among the first involved in the development of Nusantara City receive special privileges, namely being able to look for a strategic place for their business.
"We are optimistic that investment in Nusantara City will continue even though currently, we are in the 2024 General Elections period," he remarked.
The OIKN is optimistic that more investors would invest in the development of Nusantara City in 2024, he stated.
President Joko Widodo (Jokowi) had earlier stated that the development of Nusantara needs around Rp466 trillion (around US$29.52 billion), of which around 19-20 percent is sourced from the state budget, while 80 percent is sourced from investment.
On Wednesday (January 17), President Jokowi inaugurated the groundbreaking for the construction of the OIKN office in Nusantara to support the progress in development of the new capital city.
He noted that the OIKN office building will comprise the main building, data center building, and regional infrastructure, with a capacity of up to 600 people in the first stage of construction.
On the same occasion, Susantono stated that construction of the office, which will also function as a City Hall, is targeted for completion by December 2024.
Related news: Investors' interest in investing in Nusantara still maintained: OIKN
Related news: OIKN collaborates with local region-owned firms to develop new capital
Translator: Nyaman Bagus, Raka Adji
Editor: Tia Mutiasari
Copyright © ANTARA 2024
