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.
Nusantara-owned firm to build movie theater, zoo to create buzz
A newly formed Nusantara-owned enterprise is slated to build a movie theater and a zoo in the future capital in East Kalimantan, while the government expects around 300 investors to ink cooperation deals after Independence Day.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
President Joko “Jokowi” Widodo (center), accompanied by Public Works and Housing Minister Basuki Hadimulyono (right), strolls along a riverside promenade near Sepaku Semoi Dam in East Kalimantan after inaugurating the water supply project on June 4, 2024. (Presidential Office/Vico)
T
he government is planning to appoint an enterprise belonging to the Nusantara Capital City (IKN) Authority to build a movie theater and a zoo as part of wider push to create a buzz around the country’s future capital in East Kalimantan.
The newly formed public enterprise is slated to oversee construction of the two entertainment venues as well as other infrastructure, according to Public Works and Housing Minister Basuki Hadimuljono, who is currently doubling as the IKN Authority’s acting head.
“For example, cinemas, theaters, infrastructure built under the [Office of the] Coordinating Economic Minister […] on [Jl.] Sumbu Kebangsaan is to be used for retail. Those [facilities], as well as the zoo, will be managed by the Nusantara-owned enterprise,” Basuki said on Monday.
Read also: Nusantara’s VVIP airport likely to be delayed
The enterprise was established upon transferring ownership in PT Bina Karya from the State-Owned Enterprises Ministry to the IKN Authority under Presidential Regulation No. 62/2022.
Unlike other region-owned enterprises, the new Nusantara-owned business is to operate directly under management of the central government and is to serve as the new capital’s lead developer. It is also permitted to form subsidiaries or joint ventures with other companies to attract investment and stimulate the local economy by meeting business and service needs.
The IKN Authority says it has fast-tracked investment permits, and that 14 out of 45 cooperation agreements it inked with investors have reached the groundbreaking stage.
