Through 2023 WEF, Indonesia Chamber of Commerce and Industry invites global investors to invest in IKN
This article has been translated by PwC Indonesia as part of our Indonesia Infrastructure News Service. PwC Indonesia has not checked the accuracy of, and accepts no responsibility for the content.
Investor Daily - Melalui WEF 2023, Kadin ajak investor global investasi IKN
21 January 2023
Jakarta - The Indonesia Chamber of Commerce and Industry (Kadin Indonesia) is inviting global investors to develop investment opportunities in Indonesia, such as by investing in New Capital City (IKN) Nusantara. The invitation was stated at World Economic Forum (WEF) Annual Meeting in Davos, Switzerland during the ‘Bold New Cities Take the Stage’ event yesterday.
At WEF held 16-20 January 2023, Kadin Indonesia Chairperson Arsjad Rasjid said that IKN Nusantara was a big opportunity for global investors to invest their capital. “IKN’s concept as a smart and green city brings a large opportunity for global investors and technology providers to invest in IKN,” Arsjad said in his statement in Jakarta on Friday (20/1/2023).
Arsjad said that the IKN project would be the global benchmark for the construction of new civilisations that are integrated, eco-friendly, and healthy for its citizens. Located on Kalimantan Island amid a tropical forest, IKN will be a smart, green, and sustainable city that has the potential to be carbon neutral in 2045 as 15 million trees will be planted to preserve 65% of the surrounding forest.
“In IKN, there will be green buildings that are 100% supported by renewable energy, sustainable rainwater processing that can reduce flood [and provide] drinking water from faucets, as well as a smart, clean, and integrated mass transportation system,” he stated.
IKN is also designed as a forest city with revenue from carbon credit. Regarding the various sustainable aspects of IKN, Indonesia also has abundant natural resource potential, starting from 4,400 rivers that can be utilised for hydropower plants and 29,000 megawatts of geothermal potential. The mix of all of these new renewable energy resources can reach 450,000 megawatts, which is more than enough to fulfil Indonesia’s energy requirement in the future.
On the other hand, Arsjad stated that Indonesia also had the potential to lead Southeast Asia in energy transition thanks to Indonesia’s natural wealth that will support the energy transition. This will attract investors as Indonesia’s advancement is in line with the eco-friendly energy consumption trend.
“So, we have to implement a sustainable economy and green industries by carrying out an energy transition that utilises eco-friendly new renewable energy. Indonesia has all of the new renewable energy sources with extraordinary potential,” he said as quoted by Antara.
