IKN Receives Three New Investors, Ready to Inject Rp 1.2 Trillion in Funding
Three new investors have entered to develop Nusantara Capital (IKN) in East Kalimantan. The IKN Authority has recently signed cooperation agreements with PT Hauptstadt Indonesia Borneo, PT Starbright International Investment, and PT Oceans Resto Nusantara with an estimated investment value reaching Rp 1.27 trillion.
The cooperation agreement covers the development of residential units and various supporting facilities for area activities, including apartments, offices, restaurants, cafeterias, and sports centres.
IKN Authority Head Basuki Hadimuljono expressed appreciation for the trust shown by business entrepreneurs who continue to demonstrate their commitment to investing and contributing to urban ecosystem development in Nusantara Capital.
“I thank you for your confidence in investing in IKN. We wish to emphasise that we still require hospitality sector development, including logistics or restaurants,” Basuki stated in a written statement on Tuesday, 17 March 2026.
He noted that IKN will become vibrant with various important developments, including the construction of judicial and legislative precincts.
“Furthermore, with the Taruna Nusantara Senior High School which will operate this year, combined with the judicial and legislative precincts currently under construction, this will create bustling activity through urban ecosystem expansion through to 2028,” Basuki added.
The IKN Authority also signed an addendum to the cooperation agreement with PT Balikpapan Ready Mix and PT Citadel Group Indonesia as a follow-up to Constitutional Court Decision No. 185/PUU-XXII/2024.
The IKN Authority continues to provide support for business facilitation and accelerated permit processing for business entrepreneurs investing in Nusantara. Basuki believes that now is the right moment for business entrepreneurs to explore various business opportunities in Nusantara Capital.
“We will support whatever is needed. There is no need to worry about permit processes, particularly building permits. God willing, we will provide support, including accelerated permit processing for you who invest here in Nusantara Capital. This is the best time to invest in Nusantara,” Basuki concluded.
One of the businesses signing cooperation at this opportunity is PT Starbright International Investment. The company, affiliated with Zhongda Jiancheng Engineering Management Group Co., Ltd., will develop suite apartments, restaurants, retail spaces, and office areas scheduled to begin construction in the second quarter of 2027.
Additionally, PT Hauptstadt Indonesia Borneo will build an aircraft-styled café with a lounge and mini sport concept. Construction of this facility is planned to begin in the third quarter of 2026. PT Oceans Resto Nusantara, one of Balikpapan’s leading seafood restaurants, will begin planning restaurant construction in the second quarter of 2026.
The cooperation also received appreciation from PT Starbright International Investment Chief Executive Officer Lu Keming. He expressed confidence in investment prospects and area development in Nusantara Capital.
“As the founding president of the Chamber of Commerce for Hainan, we will actively promote investment projects in Nusantara Capital to attract more investors and start businesses here. We are grateful and honoured to have the opportunity to invest in Nusantara Capital. We are optimistic that Nusantara Capital will become the most beautiful city in the world,” Lu Keming said.
This agreement signing signals to the business world that Nusantara Capital is a promising investment destination. Nusantara development continues to open broad investment opportunities for entrepreneurs in various strategic sectors, supported by the government’s commitment to providing optimal service, transparent processes, and legal certainty in accordance with applicable regulations.