Chinese FDI Worth Rp1.25 Trillion in Nusantara Begins Construction

NUSANTARA – Chinese foreign investment company PT Star Bright International Investment officially commenced construction of a Rp1.25 trillion integrated development project in Sub WP 1B of the Central Government Core Area (KIPP) of IKN on Wednesday (15/07/2026), marking a significant milestone in investment realisation for Nusantara Capital City (IKN). This project is the first construction to be realised by a foreign investment company in IKN and is targeted for completion by the end of 2026. PT Star Bright International Investment is a company engaged in investment, property development, and international-scale project management. In executing its project in IKN, the company is collaborating with Zhongda Jiancheng Engineering Management Group Co., Ltd., a Sichuan-based Chinese firm with over two decades of experience in construction project management. Head of the IKN Authority, Basuki Hadimuljono, stated that the project’s location holds strategic value as it lies at the heart of the Nusantara government district. “This location is very special. From here, we can see the State Palace as well as the judicial and legislative complexes currently under construction. The entire area will be completed by 2028,” Basuki said. The project, standing on a 15,501-square-metre plot, will deliver an integrated area encompassing apartments, restaurants, retail areas, and offices. The residential units offer one- to three-bedroom options with family rooms, supported by facilities such as a swimming pool, fitness centre, commercial areas, and green open spaces. The entire development is designed with a sustainable development concept aligned with IKN’s building principles. President Director of PT Star Bright International Investment, Lu Keming, expressed optimism about Nusantara’s future as a new city with great prospects. “I have experience witnessing city development from an initially empty condition. I am confident IKN will become a beautiful city because it is built from scratch. The team from China is also interested in investing in the hospitality and tourism sectors,” Lu Keming said. Beyond bringing in foreign investment, the project’s execution also involves a contractor from East Kalimantan as part of a commitment to empower local businesses and drive regional economic growth. The moment was also attended by PT Dian Jaya Indonesia, a South Korean foreign investment company set to develop an apartment and hotel project in the WP KIPP Sub WP 1B area. The presence of investors who have entered the investment realisation phase demonstrates the strengthening confidence of the international business community in IKN’s development. The event was also attended by prospective investors and a business delegation from China representing various companies and organisations, including Wan Tong Group, China Minsheng Bank, Jiangsu Qi He Technology, Jiangsu Shu Jun Technology, Beijing Jin Jia Tong Neng Environmental Technology Group, Shanghai San Ding Technology, Hainan Chamber of Commerce, Indonesia’s Chinese Bridge Training School, Xing Yao International Investment, and Liu Dian Group. The presence of these delegates reflects the high level of international investor interest in opportunities in Nusantara while reinforcing IKN’s position as an increasingly trusted investment destination for the global business community.