Jakarta (ANTARA) - The Nusantara Capital Authority (OIKN) and Envirol, a company from the United Arab Emirates (UAE), have signed a non-disclosure agreement (NDA) for the development of waste management facilities in Indonesia's future capital, Nusantara, in East Kalimantan.
"It proves that the interest of Middle East investors (to invest in Indonesia) continues to increase," remarked Agung Wicaksono, Deputy for Funding and Investment of OIKN, in a statement received on Sunday.
He highlighted the good trade relations and kinship between Indonesia and the UAE. "In fact, President Joko Widodo's (Jokowi's) name has become the name of a street in Abu Dhabi, the capital of the UAE," he continued.
The signing of the NDA took place during OIKN's visit to Dubai and is expected to enhance the development of Indonesia's future capital and the investment climate. The deputy stated that OIKN and the UAE-based waste management company Envirol, a subsidiary of Alserkal Group, would construct fat, oil, and grease (FOG) waste management facilities to support the development of Nusantara as a smart and green city.
Properly disposing of waste cooking oil and food fats is expected to help preserve the city's environment. Maher Al Kaabi, a Member of the Board of Directors of Alserkal Group, noted the importance of establishing FOG waste management infrastructure.
"It is hoped that Alserkal Group's experience in managing and implementing similar projects with the Government of UAE can also be applied in Indonesia, especially in the Nusantara capital (IKN)," he remarked.
Previously, Envirol had signed a memorandum of understanding (MoU) with the Surabaya City Government and the Tangerang City Government regarding the implementation of FOG waste management in their respective cities.
During his presentation at the 2023 Hannover Messe in Hannover, Germany, on April 18, 2023, Wicaksono mentioned that his organization had received 182 submissions of letters of intent (LOIs) from business actors originating from 16 countries as of April 10, 2023.
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Among them, 22 LOIs expressed investment interests in technology, 21 in energy, 15 in education, 15 in housing infrastructure, and the remaining ones in health, waste management, office buildings, and other sectors.
Envirol to invest in waste management of Indonesia's new capital city
Nusantara Capital Authority (OIKN) and an investor from the United Arab Emirates, Alserkal Group, sign Non-Disclosure Agreement for waste management. (ANTARA/HO-IKN/uyu)
Nusantara Capital Authority (OIKN) and an investor from the United Arab Emirates, Alserkal Group, sign Non-Disclosure Agreement for waste management. (ANTARA/HO-IKN/uyu)