OIKN Secures 3 New Investors, Rp1.27 Trillion for Housing, Retail, and Culinary Business Projects

NUSANTARA, NOMORSATUKALTIM – The Nusantara Capital Authority (OIKN) has secured three new investors with a total investment value of Rp1.27 trillion. The investment will focus on developing housing, retail, and culinary businesses in the core area of the Nusantara Capital City (IKN). The cooperation agreements were signed at the OIKN City Hall Office on Monday, 16 March 2026. The three companies involved are PT Hauptstadt Indonesia Borneo, PT Starbright International Investment, and PT Oceans Resto Nusantara. In addition, OIKN also signed two addendum cooperation agreements with PT Balikpapan Ready Mix and PT Citadel Group Indonesia as a follow-up to the Constitutional Court (MK) ruling. OIKN Head, Basuki Hadimuljono, expressed appreciation for the investors’ commitment to supporting the development of the urban ecosystem in IKN. “We still need investments in the hospitality sector, including logistics or restaurants. Especially with the Nusantara Cadet High School set to operate this year. If you see, the judicial and legislative areas are also starting to be built. So, this will become our crowd through the urban ecosystem that will grow until 2028,” Basuki emphasised, quoted from a written release. The cooperation covers the construction of various facilities, from apartments, offices, restaurants, cafeterias, to a sports centre. These projects will strengthen economic activities in the Core Government Centre Area (KIPP) of Nusantara. Basuki affirmed that the government will provide full support for investment facilitation, including accelerating permits for business actors. “We will support whatever is needed. There is no need to fear the permitting process, especially building permits. Insyaallah, we will support it, including providing accelerated permitting processes for all of you investing here (in IKN). This is the best time to invest in Nusantara,” he concluded. One of the investors, PT Starbright International Investment, will develop suite apartments, restaurants, retail, and office areas. The project is scheduled to begin construction in the second quarter of 2027. Meanwhile, PT Hauptstadt Indonesia Borneo will build an aircraft-themed cafe with a lounge and mini sports concept, planned to start construction in the third quarter of 2026.