Head of the Nusantara Capital Authority (OIKN) is confident that simultaneous elections in various parts of the world this year will not affect investors’ interest in investing in the Nusantara Capital City (IKN). There are at least 57 countries that will hold elections in 2024, including Indonesia, South Africa, the United States, India, England, and several European countries.
Head of OIKN Bambang Susantono said investment from abroad would expectedly come in line with the massive development of basic infrastructure projects in the Nusantara capital that had been built in the first phase.
“In shaa Allah [God willing], the elections won’t [have any effect]. In my opinion, I believe there will be other positive sentiments that we can create, especially from those who have already invested,” Bambang told the media on the sidelines of the Nusantara Capital Fair 2024 on Friday, January 26, 2024.
To bolster investors’ confidence, Bambang said, he will make domestic investors who have invested in IKN as ‘ambassadors’ to talk to foreign investors about market certainty in the new capital. He emphasizes that the increasing presence of domestic investors initiating groundbreaking projects in IKN will attract foreign counterparts to also invest there.
Earlier, OIKN has recorded commitments of foreign direct investment (FDI) totaling Rp55 trillion (US$ 3.5 billion) for mega-projects in the new capital city, with a particular focus on housing for civil servants.
With such substantial investments underway and a proactive approach to assuring investor confidence, OIKN is poised to navigate the global political landscape while maintaining IKN’S appeal as a premier investment destination.
