The development of Ibu Kota Nusantara (IKN), Indonesia's new capital city in East Kalimantan, is gaining significant traction, attracting interest from a diverse range of global investors. Turkey is one of the latest countries to announce that its construction companies will be involved in the infrastructure development of IKN. In addition, several international organizations have already shown strong support by sending representatives to the city to witness its progress firsthand.

Countries such as the United Kingdom, Australia, Germany, Norway, Japan, and Singapore, as well as organizations like JICA (Japan International Cooperation Agency), are among those committed to supporting the city. These nations are eager to participate in IKN’s development, focusing on sustainability and reforestation initiatives, which align with the city’s eco-friendly vision.

The Spanish Ambassador to Indonesia, Aguilera Aranda, mentioned that Spain will bring its business community to Indonesia for discussions on investment opportunities in IKN. Meanwhile, Marc Gerritsen, the Dutch Ambassador, shared his admiration for the city’s green city plan, noting that it is progressing well and remains one of the most ambitious urban developments he has witnessed in recent years. IKN's vision of an eco-friendly urban space is indeed one of the city's standout features, with a focus on sustainable mobility and green public spaces.

On the domestic front, six prominent banks in Indonesia are preparing to set up shop in IKN’s Financial Center. These include well-known names such as Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Tabungan Negara (BTN), Bankaltimtara, and Bank Central Asia (BCA). The financial sector is expected to play a crucial role in IKN’s growth, with the first banking operations slated for the first half of 2026.

To support these efforts, the Indonesian government has allocated a budget of IDR 4.2 trillion to fund key infrastructure developments, including multi-utility tunnels, and crucial services such as water, electricity, and telecommunication networks.

SOURCE: KOMPAS.COM | PHOTO: BERITASATU

This article was created with AI assistance.