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December 9, 2024 | 11:31 pm
TEMPO.CO, Jakarta - The Head of the Nusantara Capital City (IKN) Authority, Basuki Hadimuljono, said there will be a ninth round of groundbreaking for development projects in the new capital. The IKN Authority head, however, did not yet know the investment potential that could be gained.
Basuki only mentioned that the groundbreaking plan comes from domestic private company investments. "There will be offices, hotels, restaurants, and greenery projects," said Basuki when met at the IKN Authority Office in Jakarta on Monday, December 9, 2024.
Basuki also disclosed that he’s trying to draw in Japanese property company Sojitz to participate in the groundbreaking.
Basuki also did not confirm when the groundbreaking will take place, as it’s still awaiting approval from the Presidential Secretariat to adjust with President Prabowo Subianto’s schedule.
The IKN Authority has carried out 8 phases of groundbreaking from 2023 to 2024 with a total investment value of Rp58 trillion. The investments are still below the IKN Authority's target, which aims for Rp 100 trillion in investments in 2024.
Former President Joko Widodo repeatedly claimed that investing in IKN would be akin to purchasing the future. One of the instances was during the 8th phase of groundbreaking a few months back on September 25, 2024.
The former Governor of Jakarta also expressed the same thing during the groundbreaking for the Astra Biz Center and Nusantara Botanical Garden on June 4, 2024.
"Investing in IKN is buying the future, buying an atmosphere that we cannot get elsewhere," said Jokowi as observed by Tempo in a live broadcast on the Presidential Secretariat's YouTube channel.
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