North Penajam Paser (ANTARA) -
Total investment in Indonesia’s future capital, Nusantara—under development in East Kalimantan—has reached Rp65.73 trillion (over US$4 billion), according to the Nusantara Capital City Authority (OIKN).
As of April, 42 companies have realized their investments in Nusantara, with a total value of Rp62.08 trillion. On Wednesday, six more companies signed investment agreements totaling Rp3.65 trillion.
OIKN head Basuki Hadimuljono said in North Penajam Paser, East Kalimantan, on Thursday that the new projects include the development of a culinary center on 1,800 square meters of land, a five-star Marriott hotel on 2.04 hectares, and an international school on 7,900 square meters.
The school is expected to span 10,000 square meters and accommodate up to 750 students.
Additionally, a modern supermarket featuring a food court is planned on 0.21 hectares of land, alongside new office zones, apartments, and a commercial area—all supported by the fresh investments.
Meanwhile, Agung Wicaksono, OIKN Deputy for Funding and Investment, emphasized that his team has been working actively to enhance Nusantara's appeal among investors and accelerate project realization.
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He expressed confidence that continued collaboration with investors will have a lasting positive impact on the development of Indonesia's future seat of government.
The government began construction of Nusantara in 2022, under then-President Joko Widodo.
President Prabowo Subianto, who took office in 2024, has assured the public that his administration will carry on the mega project through 2029, with a dedicated budget of Rp48.8 trillion (nearly US$3 billion).
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In April, Hadimuljono said that the project's second phase, focusing on judicial and legislative buildings, had begun. He said that the buildings are key to the government's plan to designate IKN as the center of political affairs by 2029.
