WWF 2024: Boosting Investments in New Capital

Deputy for Funding and Investment of the IKN Authority (OIKN) Agung Wicaksono expressed optimism that they will meet the investment target of IDR 100 trillion for the year. Presently, the investment from public-private partnerships (PPP) at IKN stands at an estimated IDR 45 trillion.

Alifian Asmaaysi & Hendra Wibawa

24 Mei 2024 - 12.44
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WWF 2024: Boosting Investments in New Capital

President Joko Widodo at IKN site./Special

Bisnis, MANGUPURA — The IKN Authority (OIKN) is leveraging diverse multinational events, such as the 10th World Water Forum in Bali, to draw increased investment to the IKN. Numerous partnerships were established to ensure seamless construction aligned with project goals.

The institution overseeing the preparation, construction, and transfer of New Capital City of Nusantara (IKN) is diligently working towards achieving the remaining investment target of IDR 50 trillion by the end of this year. The Indonesia Investment Authority (INA) is also actively involved to boost investor confidence.

Deputy for Funding and Investment of the IKN Authority (OIKN) Agung Wicaksono expressed optimism that they will meet the investment target of IDR 100 trillion for the year. Presently, the investment from public-private partnerships (PPP) at IKN stands at an estimated IDR 45 trillion.

"The remaining amount to achieve the 2024 target is still IDR 50 trillion. Currently, at least the PPP is around IDR 45 trillion, and it's already in our pipeline," said Agung on the sidelines of the 10th World Water Forum (WWF) in Badung, Bali, Thursday (23/5).

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