Indonesian government showcases archipelago capital development to Singaporean investors
The Indonesian government welcomed Singaporean officials and 130 businessmen to visit the Archipelago Capital (IKN) construction site.
The visit aimed to showcase the progress of IKN and attract investors to participate in the development of the new capital city. Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, personally guided the delegation and emphasized IKN’s investment potential.
The government is actively acquiring land in various areas of IKN, and two meetings are scheduled to further discuss investment opportunities. The visit builds upon the commitment made during the “Leaders Retreat” between President Joko Widodo and Singapore Prime Minister Lee Hsien Loong.
The IKN Authority and Singapore’s Center for Livable Cities have signed an agreement to develop a sustainable and livable city within IKN. The visit has generated interest from Singaporean entrepreneurs, and progress on IKN construction is at approximately 29 per cent.
