According to data from the Capital City Authority of the Archipelago (IKN), there have been 284 letters of intent for investment (LOI) received from investors, both domestic and foreign. Agung Wicaksono, the Deputy for Financing and Investment at IKN, revealed that the majority of these expressions of interest come from within the country.

"Thus far, we have received 284 LOIs from approximately 21 countries, with the majority originating domestically," said Agung during the Sewindu National Strategic Project event in Jakarta on September 13, 2023. He explained that Indonesia accounted for 162 investment LOIs, followed by Singapore and Japan with 27 and 25 LOIs, respectively.

Agung further explained that neighboring countries such as Malaysia, Singapore, China, and Japan also have significant contributions to the investment interest. "ASEAN neighbors are significant partners for us in realizing investments in IKN," Agung emphasized.

The investment process in IKN involves eight stages that investors must go through. After receiving LOIs, the IKN Authority will hold direct meetings with prospective investors, followed by the stage of absorbing responses to the LOIs. If both parties reach an agreement, the next stage involves feasibility studies, ultimately leading to the closing of investment project agreements.

"We have designed these stages well, and we will continue to oversee them to materialize investments in IKN," Agung firmly stated.

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