At a conference in Singapore in June 2023, Widodo tried to reassure investors that the venture would go on irrespective of who'd win the 2024 Indonesian presidential election, and that Nusantara was a "golden chance" for financial investment.

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Until eventually now, The federal government has repeatedly carried out roadshows in various nations to advertise expenditure possibilities in the new government centre.

With the three foreign investments, just one is really a direct overseas financial investment, although the opposite two are partnerships with domestic organizations.

By the end of Joko Widodo's presidency, several properties had been finished such as the State Palace, ministry offices, residential buildings, monuments and parks, along with projects outside govt spending budget for instance inns, hospitals, and PSSI education center. On seventeen August 2024, Indonesia officially celebrated its Independence Day for the first time in Nusantara.

The federal government's hard work to entice overseas expense for your Nusantara Money City (IKN) megaproject has established for being rather demanding. Until eventually the 8th series of groundbreaking ceremonies, investment IKN in the new authorities centre has still largely relied on domestic buyers IKN plus the point out spending plan.

Furthermore, a fresh intercity and regional rail method is going to be built to hyperlink The brand new money with neighboring towns for instance Samarinda and Balikpapan, forming A part of the broader Trans Kalimantan Railway community that could connect your entire Indonesian side of Borneo Island with rail services.[ninety five]

Within this context, economists think The brand new regulation will depend seriously on The federal government’s capability to make business enterprise incentives and attract financial commitment.

The direct investment decision, with no partnership with an area firm, will likely be implemented by Delonix Team, a corporation from China that focuses on the tourism sector.

President Prabowo Subianto has confirmed his administration's commitment to continuing the development of Nusantara as Indonesia's new capital.[seventy five] Prabowo envisions Nusantara, the capital city in East Kalimantan, since the political cash of Indonesia.[seventy six] In addition to developing govt places of work, properties that could symbolize one other two branches from the Trias Politica—legislative and judicial—will have to also be completed.

For that reason, Josua is encouraging The IKN federal government to aggressively optimise other schemes by enabling greater contributions from your personal sector.

Quite simply, he included that The federal government must prepare numerous references and make expense conclusions based upon the organization things to consider of likely traders.