TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
More local firms start developing malls, hospitals in Nusantara
The President and the IKN Authority head attended a ceremony on Wednesday to break ground on another batch of development projects in the new capital, including a multifunctional residential complex and two hospitals.
Change Size
Workers operate a crane and other heavy equipment on Sept. 22, 2023 at the site of the Nusantara Capital City (IKN) in North Penajem Paser, East Kalimantan. (Antara/Sigid Kurniawan)
A
second group of local firms has started construction on projects such as hotels, shopping malls and hospitals in the nation’s new capital city Nusantara, which is currently under development in North Penajem Paser, East Kalimantan.
During a collective groundbreaking ceremony officiated by President Joko “Jokowi” Widodo on Wednesday, Nusantara Capital City (IKN) Authority head Bambang Susantono said the President had instructed his office to “prioritize local investors” before opening projects to foreign investors.
Among the projects inaugurated at the ceremony was the Pakuwon Nusantara project helmed PT Pakuwon Nusantara Abadi (PNA), a subsidiary of publicly listed property firm PT Pakuwon Jati.
PNA director Alexander Stefanus Ridwan Suhendra said at Wednesday’s event that the company had invested Rp 5 trillion (US$313.5 million) into the multifunctional residential complex, which would have one mall, three hotels with 800 rooms, two condominium towers and an apartment complex.
The firm was working on the project with major international hotel brands, such as Sheraton, Marriott and Westin.
Read also: Firms want direct 95-year land rights in Nusantara as uncertainty persists
Two other publicly listed companies, Mayapada and Hermina, broke ground on two hospitals in Nusantara.
