Wednesday, January 22, 2025

OIKN unveils key projects under Phase 5 construction

Reading Time: < 1 minute
Audina Nur

Journalist

Editor

Interview

The Nusantara Capital Authority (OIKN) has revealed that a number of projects will soon be built under Phase 5 of the IKN groundbreaking momentum in February 2024.

Head of OIKN, Bambang Susantono, said that a number of banking industries are among those that will start investing in the Phase 5 groundbreaking process.

“There are several investors, we will disclose them in due time. There are some from the banking sector and there might others from the logistics side,” Bambang told the media on the closing day of the Nusantara Capital Fair 2024 in Jakarta on Sunday, January 28, 2024.

In addition to banking projects, Bambang also said that the groundbreaking of the IKN investment project in February 2024 would also be followed by the construction of residential projects including meeting halls or convention centers.

However, Bambang did not mention in detail the investors who would take part in the phase 5 groundbreaking process, while citing that the total amount of investment is still being calculated.

“We are still calculating the amount and will convey it to the public once completed. In the mean time, we are still waiting for the schedule of President {Joko Widodo} so that he himself will lead this groundbreaking event,” he concluded.

Audina Nur

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
No topics
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT PLN Indonesia Power (PLN IP) has ensured that the 50-Megawatt (MW) Singkarak Floating Solar Power Plant (PLTS) on Lake Singkarak, West Sumatra, will start operating or commissioning on date (COD) in 2027. The PLTS was developed together with ACWA Power, an energy company from Saudi Arabia.
State power utility PT PLN (Persero) noted that it has found obstacles in the development of new renewable energy (EBT) in Indonesia due to limited large areas available for the project.
Fahri Hamzah, Deputy Minister of Housing and Settlement Areas, reveals that Qatar is committed to building six million homes in Indonesia, a considerable spike from earlier commitment of one million homes.
State-owned mining company PT Antam is planning to build a precious metal factory at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java as part of the efforts to support downstreaming of mineral industry in Indonesia, while utilizing integrated infrastructure of the industrial estate.
The Asian Development Bank (ADB) signed a US$92.6 million (Rp1.5 trillion) financing agreement with PT Supreme Energy Muara Laboh (SEML) for the development of Indonesia’s geothermal power resources.
Masdar, a clean energy company from the UAE, has expressed its commitment to increase investment in Indonesia. Abdulaziz said Indonesia would remain a renewable energy hub in the Southeast Asia region, despite having various investments with Indonesia’s neighboring countries.