Sunday, November 17, 2024

Three Malaysian investors to invest in IKN’s housing,education sectors

Reading Time: 2 minutes
Audina Nur

Journalist

Editor

Interview

The Nusantara Capital City (IKN) Authority has unveiled a groundbreaking partnership with three prominent Malaysian investors poised to revolutionize the housing and education sectors within the burgeoning landscape of the future Capital City.

With Malaysia’s steadfast commitment to fostering cross-border collaboration and spurring economic growth, these investors are set to play a pivotal role in propelling IKN towards a future of unparalleled prosperity and innovation.

Agung Wicaksono, Deputy Head of Funding and Investment at IKN Authority, has lauded the role of Malaysian investors such as IJM Corporation Berhad, Maxim Global Berhad, and Limkokwing University of Creative Technology in advancing the socio-economic agenda of IKN. By leveraging their expertise and resources, these investors are poised to spearhead transformative initiatives aimed at revolutionizing the housing landscape and bolstering educational infrastructure within IKN.

IJM Corporation Berhad and Maxim Global Berhad, two prominent Malaysian entities, have emerged as frontrunners in the quest to rejuvenate IKN’s housing sector. With a keen eye for innovative urban planning and sustainable development, these investors are poised to unveil projects that promise to redefine the very fabric of urban living within the burgeoning capital city. From state-of-the-art residential complexes to vibrant mixed-use developments, the Malaysian investment consortium envisions a future where IKN stands as a beacon of modernity and progress.

Meanwhile, Limkokwing University of Creative Technology, a trailblazer in the realm of higher education, is slated to spearhead transformative initiatives aimed at catalyzing the growth of IKN’s knowledge economy. With a diverse array of academic programs spanning the realms of design, multimedia, and technology, Limkokwing University is poised to establish IKN as a global hub of intellectual inquiry and innovation. Through strategic partnerships with local educational institutions and industry stakeholders, the university aims to nurture a new generation of creative thinkers and innovators poised to shape the future trajectory of IKN and beyond.

In a world marked by rapid urbanization and technological upheaval, the partnership forged between IKN Authority and its Malaysian counterparts symbolizes a new era of transnational cooperation and shared prosperity. By harnessing the collective expertise and resources of both nations, the Nusantara Capital City stands poised to emerge as a global exemplar of sustainable urban development and inclusive growth.

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

Telecommunications company Indosat Ooredoo Hutchison has expressed commitment to establish an AI center in Central Java, with further plans to expand to Jakarta and Jayapura, noting that the company has requested three key areas of support from the Prabowo Subianto administration.
Pertamina New and Renewable Energy (Pertamina NRE), in collaboration with PT Sinergi Gula Nusantara (SGN), plans to construct a bioethanol plant in Banyuwangi, East Java, with an annual production capacity of 30,000 kiloliters.
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has hinted at the possibility of securing a new investor for the Tuban Grass Root Refinery (GRR) project if Russia’s Rosneft Oil Co PJSC fails to provide clarity on its commitment to the venture, as it faced setbacks due to geopolitical issues.
The Ministry of ESDM has announced plan to establish LPG production plant using local propane and butane resources. With production capacity could range from 1.5 to 2 million tons annually, to address the country’s high LPG demand, which far exceeds its domestic production capabilities.
Energy company PT TBS Energi Utama (TOBA) is set to have two new renewable energy (EBT) power plant projects in Sumatra − a mini hydro power plant (PLTMH) in Lampung and a floating solar power plant (PLTS) in Tembesi Reservoir, Batam −next year.
Celios has criticized Indonesia’s push for CCS technology, labeling it a “false solution” in the nation’s energy transition efforts. Bhima Yudhistira, Executive Director of Celios, argued that CCS enables continued fossil fuel dependency rather than encouraging industries to switch to cleaner energy sources.