New capital initial land offering ’44 times oversubscribed’ – Regulations
Written by on January 20, 2023
Fadhil Haidar Sulaeman (The Jakarta Post)
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Jakarta ●
Fri, January 20, 2023
The Nusantara Capital City (IKN) Authority was caught off-guard by huge investment interest in the project as multiple sectors swarmed for inquiries.
The authorities are currently reviewing 71 letters of intent from domestic and foreign firms that are ready to inject funds within the next two years and are in “active discussions” with 25 of them, according to IKN Authority head Bambang Susantono.
Bambang was part of a combined Indonesian business and government delegation seeking to draw investment to the country at the World Economic Forum (WEF) in Davos, Switzerland.
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