The Capital City Authority has identified a number of local investors who are either committed or ready to invest in the development of the future Nusantara capital city (IKN).
Some of the interested investors are part of the Nusantara Consortium, including Djarum Group, Wings, and Alfamart.
- Nusantara Consortium:
The Nusantara Consortium, consisting of 12 domestic conglomerates, such as Agung Sedayu Group, Salim Group, Astra Group, Sinar Mas Group, and others, is actively involved in various commercial and non-commercial projects in IKN.
The consortium is committed to developing hotels, shopping facilities, and more, with recent participation in the groundbreaking ceremony in September 2023, achieving 35 percent construction progress by the end of the same year.
- Pakuwon Group:
The Pakuwon Group, a domestic investor, is committed to developing a superblock called Pakuwon Nusantara in the IKN core government center.
The superblock will include three hotels − Four Points by Sheraton, Tribute Portfolio by Marriott, and Westin − along with a mall and apartments, with an estimated investment value of IDR 5 trillion (US$ 322 million).
- Pakubuwono Group:
Another local investor, Pakubuwono Group, is building The Pakubuwono apartments, designed to be a pioneer in vertical green living in Nusantara.
The project, with an estimated investment of IDR 1 trillion (US$ 64 million), commenced construction at the end of the previous year, receiving praise from President Joko Widodo for its alignment with the green and sustainable concepts of IKN.
- Mayapada Group, Hermina, and JIS:
Apart from real estate, domestic investors are also interested in building hospitals and schools in IKN. Hermina Group and Mayapada Group aim to establish international hospitals, while Jakarta International School (JIS) plans to build an international school there. These investors, part of the second groundbreaking phase, are expected to contribute around IDR 13.1 trillion (US$ 844 million).
- Foreign Investors − Malaysia and China:
The capital city authority has suggested that foreign investors, particularly from China and Malaysia, are likely to start investing in IKN. Citic Construction from China is interested in constructing residential areas in Nusantara.
The plan includes building 60 towers for civil servants of the Ministry of Defense and other security personnel.
Additionally, investors from Malaysia, namely Maxim and IJM, plan to build 10 and 20 towers, respectively, for civil servant housing.
The total investment for the third groundbreaking phase, which includes various projects such as mini tropical forest development, office construction, and healthcare facilities, is estimated at IDR 5.9 trillion (US$ 380 million).
The involvement of both domestic and foreign investors underscores the multifaceted development taking place in the new capital city.
