#IKN
Prabowo signs regulation on IKN as “Political Capital”, House questions its wording
President Prabowo Subianto has signed Presidential Regulation (Perpres) No. 79/2025, outlining plans for the development of the Nusantara Capital City (IKN) to serve as the country’s “political capital” by 2028.
Indonesia allocates Rp6.26 trillion for IKN in 2026, down from previous years
The government has allocated Rp6.26 trillion (US$387 million) for two development programs of the Nusantara Capital City (IKN) Authority for 2026, down by more than half from the Rp13 trillion allocated in 2025.
IKN Authority puts Rp18.46 T in construction projects up for tender
The Nusantara Capital(IKN) Authority is auctioning 24 construction projects worth Rp18.46 trillion (US$1.1 billion) this month, focusing on the development of legislative and judicial complexes, along with supporting infrastructure in Indonesia’s new capital.