Four major companies have initiated the construction of various key facilities in Ibu Kota Nusantara (IKN) in East Kalimantan, reflecting a strong commitment to supporting the development of Indonesia’s new capital, with investments totaling Rp5.375 trillion.
Last week, four prominent investors—PT Intiland Development Tbk through its subsidiary PT Inti Kolaborasi Nusantara, PT Adiwarna Harapan Nusantara, PT Bank Central Asia (BCA) Tbk, and Royal Golden Eagle (RGE) Group—broke ground on significant projects in Ibu Kota Nusantara (IKN), East Kalimantan. The total investment for this seventh groundbreaking phase is reported to be Rp5.375 trillion.
The projects include the development of a mixed-use area, banking offices, hotels, and an international convention center, all designed to enrich IKN as a comprehensive city—a place to live, work, learn, and play.
Agung Wicaksono, Deputy for Funding and Investment at the IKN Authority, highlighted that this groundbreaking is different from previous ones, as the agreements were signed immediately, providing legal certainty for the businesses involved.
Theresia Rustandi, President Director of PT Inti Kolaborasi Nusantara, emphasized the company’s long-term commitment to contributing to sustainable and inclusive development in IKN Nusantara.
“We believe in the great potential of IKN Nusantara as Indonesia’s future capital,” she stated.
The development of IKN has also attracted interest from property developers across Indonesia, including Agung Podomoro, which has prepared residential projects in Balikpapan and Samarinda, cities supporting IKN.
Projects like Borneo Bay Residences and The Premiere Hills are expected to offer solutions for housing and property investment, supporting the migration of residents to East Kalimantan.
Property expert Darmadi Darmawangsa sees bright prospects for property investment in East Kalimantan with the establishment of IKN.
Agung Podomoro has demonstrated keen business acumen by developing projects in Balikpapan and Samarinda, which serve as gateways to IKN. This is expected to drive up property prices in tandem with the region’s rapid economic growth.
