Suara.com – Companies from Malaysia are reportedly interested in investing in the National Capital City (IKN). Reportedly the company will build 20 apartment towers in IKN.
Deputy for Funding and Investment at the IKN Authority, Agung Wicaksono, said that the Malaysian company has now entered the feasibility study stage.
“So he has submitted a letter, been evaluated, met the requirements, then received a letter to proceed from us. Now the feasibility study, if we have evaluated it with the government, they can build it,” said Agung on the sidelines of the 2023 ASEAN Investment Forum, Sunday ( 3/9/2023).
When asked about the Malaysian company in question, Agung called it IGM and Maxim, a property company.
Also Read: Golden Visa Legal Regulations Ratified, Attracting Quality Foreigners to Invest
Agung added that there were already 270 Letters of Intent (LOI) or letters of interest from investors to invest in the new capital city. The LOI comes from within and outside the country.
Agung explained that LOI is the first stage of eight stages of investment in IKN. The stages after LOI include one on one meeting, confirmation letter, response letter, and non-disclosure agreement (NDA).
The next stage is a feasibility study, then selecting investments that meet the requirements. The final stage is signing the agreement to build.
“If the LOI is still not committed, we are just starting to think about it, we want to say that. But if the NDA is like it’s already been made. OK, let’s exchange information with each other,” explained Agung.
Currently, of the 270 LOIs, around 50 LOIs have entered the NDA stage. Meanwhile, the other nine are in the near final stage.
Also read: Dayak women ask for IKN development to be in line with local culture