Indonesia Expat
FeaturedNews

New Capital State Palace Project Supervised by Foreigners

IKN state palace

The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has revealed that the construction of the State Palace in the new National Capital (IKN) will be directly supervised by foreigners to ensure the building’s quality as a symbol of the state.

Pandjaitan has requested permission from President Joko Widodo (Jokowi) for foreigners to oversee the project.

“We must not compromise on the quality of the Presidential Palace,” he said during a meeting with the House of Representatives’ Budget Agency on Friday, 9th June 2023.

Pandjaitan also expressed hope that the State Palace at IKN would be completed expeditiously. The target is for the palace to be ready for ceremonies and the celebration of Indonesian Independence Day by 17th August 2024.

Currently, Pandjaitan serves as the Chair of the Investment Acceleration Task Force at IKN. He mentioned attracting significant foreign investments from countries such as Abu Dhabi, Singapore, and China.

“We recently presented the IKN project in Singapore, and they showed great enthusiasm and interest in participating,” he added.

Related posts

Government Clarifies News of Stanford University’s Plans in Indonesia’s Nusantara Capital City

Indonesia Expat

Government Speeds Up Omnibus Law Revision? Early 2022

Indonesia Expat

Government to Channel Chinese Investment into Special Economic Zone

Indonesia Expat

Globy and the Great Indonesian Investment Makeover

Globy - Your Virtual Solutionist

Foreign Investors Overflowing in Indonesia

Indonesia Expat

IKN Authority Chief Addresses Investment Concerns with Insights on Transparency and Foreign Collaborations

Indonesia Expat