183 Malaysian Investors Ready to Invest in the New Capital

the latest progress of the new capital construction in East Kalimantan

The construction of a new capital city (IKN) in the East Kalimantan region is currently underway. The government continues to work to find new investors. Most recently, as many as 183 Malaysian investors expressed their interest in investing in the construction of IKN.

The Ministry of Public Works and Public Housing (PUPR) said it would make it easy for Malaysian investors to enter the IKN Nusantara project.

PUPR Minister Basuki Hadimuljono revealed that the investment facilities offered by the Indonesian government were welcomed by investors, especially startup business people in the neighboring country.

Minister Basuki said the development of interest in investing in IKN Nusantara has now increased 40 times after the media market sounding which was held on 18 October 2022.

This is reflected in the need for 1,400 hectares of land in zones 1B and 1C, when compared to the first market sounding on 22 August 2022 with an area of ​​only 38 hectares.

In addition, Spokesperson Endra S. Atmawidjaja said the forum was attended by 183 Malaysian investors ranging from the property business, startups, the health industry, transportation, energy, and others.

For this reason, the PUPR Ministry will accelerate land development preparations in the first semester of 2023.

Previously, Minister Basuki attended the Nusantara Capital Investment Forum (IKN) organized by the Ministry of International Trade and Industry (MITI) together with the Indonesian Embassy in Kuala Lumpur, Malaysia, on Wednesday (30/11/2022).

The forum aims to increase investment and business cooperation between the two countries between Indonesia and Malaysia, especially in the development of IKN.

“Yesterday, many startups, especially young people, also said, ‘Mr. Minister, I will definitely be there, I will definitely be at IKN’, then housing, transportation, and even landscape they [Malaysian investors] want at IKN,” said Basuki in Jakarta, Thursday (1/ 11/2022).

To welcome the readiness of potential investors in IKN, Basuki said the government would provide various facilities for investment, especially KIPP zones 1A, 1B, and 1C.

“We want to move forward together and will provide a red carpet for Malaysian investors, especially as friends of Indonesia,” he said.