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Jokowi flies to UAE for another Nusantara sales pitch
President Joko “Jokowi” Widodo flew to the United Arab Emirates on Tuesday in yet another attempt to persuade investors to put their money into Nusantara, as the outgoing leader’s administration races to complete the capital relocation project amid lingering doubts.
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President Joko “Jokowi” Widodo assesses the location set to host the state ceremony for this year’s Independence Day celebration in the under-construction city of Nusantara in East Kalimantan on June 5, 2024.
(BPMI Setpres/Rusman)
P
resident Joko “Jokowi” Widodo flew to the United Arab Emirates on Tuesday in yet another attempt to persuade investors into put their money into Nusantara, as the outgoing leader’s administration races to complete the capital relocation project amid lingering doubts.
Speaking to reporters at Halim Perdanakusuma Airport in East Jakarta moments before takeoff, Jokowi said that he would meet his UAE counterpart, President Sheikh Mohammed bin Zayed (MBZ), on Wednesday to explore more investment opportunities.
“In my meeting with President MBZ, I will discuss various efforts to increase economic cooperation and strategic investment. Of course, the implementation of this cooperation will be continued by the incoming administration,” Jokowi said, adding that Indonesia has had a long-standing and fruitful relationship with the UAE.
Jokowi also confirmed that he will meet with representatives of the UAE-based multinational real estate developer Emaar Properties, which he previously claimed to be an eager investor in the Nusantara project and which is willing to pour “a really big” investment deal into the new capital city.
“[A meeting with Emaar Properties] will be part [of the agenda]. There will be a few business-to-business memoranda of understanding signed and witnessed by both [the Indonesian and the UAE] governments,” Jokowi added.
Read also: Jokowi looks to steady IKN Authority ship, claims big investment coming
During the UAE trip, the President will be accompanied by Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan, State Owned Enterprises Minister Erick Thohir, Foreign Affairs Minister Retno Marsudi and Public Works and Housing Minister Basuki Hadimuljono who also serves as the acting head of the Nusantara Capital City (IKN) Authority.
