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View all search resultsThe President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.
The Batang integrated industrial park already hosts nearly 20 companies in 10 percent of its total area of 4,300 hectares, including South Korea's LG Energy Solution and glass maker KCC Glass.
During a groundbreaking ceremony in Nusantara, East Kalimantan, President Joko "Jokowi" Widodo claimed that the new capital city project will receive "a big investment" from the United Arab Emirates in the coming months, while urging potential investors to buy land in the future city.
Following lackluster investment realization as businesses took a "wait and see" approach in the lead-up to the 2024 election, the government is planning to push foreign investors to make good on their IKN commitments once the election dispute is settled.
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