As of September 2023, the Indonesian government has received 162 Letters of Intent (LOI) from domestic investors for the development of Nusantara. Furthermore, there were 27 LOIs for investment from Singapore. LOI is a document outlining the preliminary agreement between two or more parties before a legal agreement is finalized.
The Indonesian government is currently developing the Capital City of Nusantara (Ibu Kota Nusantara/IKN), which is located in East Kalimantan, to replace Jakarta as its national capital. The development of Nusantara has started at the end of 2022 and is aimed to be fully completed by 2045. The government estimated that Nusantara would be ready to be occupied and inaugurated in 2024.
Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country
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Katadata. (September 14, 2023). Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/
Katadata. "Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country." Chart. September 14, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/
Katadata. (2023). Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/
Katadata. "Number of Letters of Intent (Loi) for Investment in The Development of The New Capital City of Nusantara in Indonesia as of September 2023, by Country." Statista, Statista Inc., 14 Sep 2023, https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/
Katadata, Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country Statista, https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/ (last visited December 22, 2024)
Number of Letters of Intent (LOI) for investment in the development of the new Capital City of Nusantara in Indonesia as of September 2023, by country [Graph], Katadata, September 14, 2023. [Online]. Available: https://www.statista.com/statistics/1464447/indonesia-letters-of-intent-for-nusantara-investment-by-country/
