Housing in new Indonesian capital city attracts foreign investors
The housing sector is currently the most attractive area, with many investors from countries such as the US, Turkey, Spain, and Brunei having committed capital to this sector.
Jakarta (VNA) - The development of Indonesia’s new Nusantara Capital City (IKN) continues to attract strong interest from international investors, with public-private partnership (PPP) investment currently thriving, particularly in the housing sector, reflecting their strong confidence in the vision of transforming IKN into a new hub of national progress and modernity.
Minister of Public Works and Public Housing and Head of the IKN Authority Basuki Hadimuljono stated that investment activities in IKN are becoming increasingly tangible. The housing sector is currently the most attractive area, with many investors from countries such as the US, Turkey, Spain, and Brunei having committed capital to this sector.
In addition to housing, PPP schemes are also progressing in the Road and Multi-Utility Tunnel (MUT) sector. Five potential investors from China, Malaysia, and Indonesia are currently drafting their feasibility studies and preparing for document evaluation. The indicative total investment value is estimated at 71.8 trillion IDR (4.4 billion USD), with 55 trillion IDR coming from foreign sources.
The IKN Authority stressed that PPP has become the backbone of sustainable, inclusive development in Nusantara Capital City, which is now increasingly open to international cooperation. The growing interest from both domestic and global investors reflects improvements in governance and streamlined processes implemented over the past few quarters.
Basuki also affirmed that the Indonesian Government is committed to removing unnecessary administrative barriers through inter-agency coordination, in order to strengthen trust within the business community.
ꦬ The growing interest from both domestic and international investors serves as clear evidence of the effectiveness of the investment reform policies currently being implemented by the government, he added./.
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