"Dream - The development of the Nusantara Capital City (IKN) in East Kalimantan continues. In addition to attracting domestic investors, the government is also offering the megaproyect to several foreign investors through letters of intent (letter of Intent/LoI). The Nusantara Capital Authority (IKN) revealed that the LoI in the Nusantara Capital City continues to increase. The number of letters has reached 328 LoIs."
The translation of "Investor Asing" to English is "Foreign Investor".
The Deputy for Funding and Investment of the IKN Authority, Agung Wicaksono, revealed that 45 percent of them are foreign investors.
"Total is 328 LoI, of these 328 if asked, the majority are still domestic but 45 percent are foreign interested,""
the word Agung is quoted from Liputan6.com.
The translation of "Negara yang Minat Berinvestasi" to English is "Countries Interested in Investing".
"From the 328 letters of interest, there are 187 LOIs from Indonesia, 28 LOIs from Singapore, 25 LOIs from Japan, 21 LOIs from China, 20 LOIs from Malaysia, 10 LOIs from South Korea, 7 LOIs from the United States, 4 LOIs from Spain, 3 LOIs from Finland, and 24 LOIs from others."
The translation of "4 Negara Paling Minat" to English is "4 Most Interested Countries".
Based on that data, the 4 countries that want to invest the most are Singapore, Japan, China, and Malaysia.
"So these 4 major countries have 20 LoIs and these are the companies that have been our partners for a long time, our investors. There are also companies from Korea, and companies from America and Europe,"\u00a0"
The translation of "ujar Agung." to English is "said Agung."
"Furthermore, Agung emphasized, as per the direction of President Joko Widodo (Jokowi), the OIKN is requested to prioritize domestic investors in processing the LOI."
"And the instruction that we prioritize the domestic ones, meaning what we see is indeed domestic and we process what can contribute to the nation is domestic,"
The translation of "ujar Agung." to English is "said Agung."
The IKN authority assesses that domestic investors are very quick in following up on expressions of interest in IKN, compared to foreign investors. "If we look at the number of domestic investors, after our review it turns out that these domestic investors are quite capable of making investments and building," he concluded.
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