BALI - The Nusantara Capital Authority (NCA) is collaborating with the Indonesia Investment Authority (INA) to increase economic development in Indonesia, especially in the Nusantara. The signing of this strategic partnership document was carried out on Sunday (19/05/2024) at the Grand Hyatt Hotel Bali. The signing was also attended by the Deputy of Funding and Investment of the NCA, Agung Wicaksono, and Member of the Board of Directors of the Indonesia Investment Authority, Arief Budiman.

This strategic partnership, which was formalized through the signing of the Cooperation Framework (CF), aims to attract global investment to NCA. With an area of more than 250,000 hectares, Nusantara is planned to become a 'world-class city for all' by 2045.

Chairman of the NCA, Bambang Susantono, welcomed the collaboration with INA on this matter. Bambang assessed that this collaboration utilizes the global network that has been built by INA and strategic development projects from the NCA to encourage investment in Nusantara.

"The signing of this cooperation framework with INA is a continuation of the President's direction so that INA can facilitate the NCA in realizing foreign investment in Nusantara," said Bambang Susantono in his official statement.

"On the 21st, there will be a letter to proceed (LTP) from the Nusantara Capital Authority to Masdar which will be handed over in front of the Minister of Coordinating Ministry for Maritime and Investment Affairs and the Minister of Energy and Infrastructure of the United Arab Emirates (UAE). "This is a step forward in the realization of foreign investment in IKN through the KPBU (Public Private Partnership) scheme," he said.

Bambang also said that by combining the resources and expertise of both parties (NCA and INA), this partnership aims to develop the Nusantara, which has an area about three and a half times larger than Singapore and four times larger than Jakarta, as a dynamic economic center and sustainable.

Meanwhile, Ridha Wirakusumah as Chair of the INA Board of Directors stated that INA will actively facilitate the exploration of investment opportunities by leading global investors in the Nusantara.

"This partnership with the Nusantara Capital Authority allows us to direct investment strategically, to develop the Nusantara as the capital city of Indonesia that meets world-class standards, and also improves the quality of life of its citizens and makes a positive contribution to the Indonesian economy," said Ridha Wirakusumah.

For information, the Indonesia Investment Authority is an Indonesian Investment Management Institution that is mandated to increase investment to support Indonesia's sustainable development and build the country's wealth for future generations.

INA carries out investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia's advantages and provide optimal returns with measurable risks.

"Our efforts over the last three years have been to build strong relationships with investors in various parts of the world, which has resulted in significant investment commitments and distribution. To date, INA and its investment partners have invested more than USD 3,2 billion or approximately Rp. 50 trillion. This initiative reflects our commitment to attract strategic 'smart capital' and align with Indonesia's long-term development goals," concluded Ridha Wirakusumah.

The activity continued with a meeting to discuss the follow-up to the realization of foreign investment in Nusantara which was attended by the Deputy for Infrastructure and Transportation, Coordinating Ministry for Maritime and Investment Affairs, Special Staff for Knowledge Management of the Nusantara Capital Authority, Director of the Indonesia Investment Promotion Center (IIPC) Abu Dhabi, and Country Director of the Tony Blair Institute for Global Change Indonesia.

(Sunday,May 19^th 2024)

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Source:Nusantara Capital Authority Public Relations