The Nusantara Capital Authority (OIKN) has obtained 421 Letters of Intent (LoI). The Deputy for Financing and Investment of OIKN stated that the number of LoIs includes pioneer investors who have expressed serious interest in investing in IKN. Including pioneer investors, 45 companies have joined so far. On the other hand, OIKN targets to achieve IDR 100 trillion in investment by the end of 2024, and the department will continue to work toward this goal.
To accelerate the achievement of this target, President Joko Widodo recently signed Presidential Regulation (Perpres) Number 75 of 2024 on July 11, 2024, concerning the acceleration of IKN development, which also includes incentives for investors. The former head of OIKN previously proposed the IDR 100 trillion investment target, stating on January 26, 2024, that the new capital's 2024 target is to achieve IDR 100 trillion in public and private investments.
The Nusantara Capital Authority (OIKN) has obtained 421 Letters of Intent (LoI). The Deputy for Financing and Investment of OIKN stated that the number of LoIs includes pioneer investors who have expressed serious interest in investing in IKN. Including pioneer investors, 45 companies have joined so far. On the other hand, OIKN targets to achieve IDR 100 trillion in investment by the end of 2024, and the department will continue to work toward this goal.
To accelerate the achievement of this target, President Joko Widodo recently signed Presidential Regulation (Perpres) Number 75 of 2024 on July 11, 2024, concerning the acceleration of IKN development, which also includes incentives for investors. The former head of OIKN previously proposed the IDR 100 trillion investment target, stating on January 26, 2024, that the new capital's 2024 target is to achieve IDR 100 trillion in public and private investments.
