Balikpapan – The development of the Indonesian Capital City (IKN) is increasingly becoming the center of international attention, as evidenced by the visit of the Swedish Parliamentary Delegation led by Hon Mr Adam Reuterskiöld, a member of the Riksdag from the Moderate Party. The visit aimed to directly review the progress of the development of the IKN which is now one of Indonesia’s national strategic projects.
The Swedish delegation was welcomed by the Head of the IKN Authority, Mochamad Basuki Hadimuljono, at the UMKM Gallery, Nusantara. In his speech, Basuki explained that this visit reflects Sweden’s great attention to the development of the IKN.
“They want to see the progress of the IKN development. Also because of this change in government, they want to make sure whether this IKN is really running,” he said in a written statement, Friday (10/1).
Basuki also ensured that the development of the IKN will continue under the leadership of President Prabowo Subianto, continuing the idea pioneered by President Joko Widodo.
“I have coordinated with the Ministry of State Secretariat. According to the Minister of State Secretary, the President has conveyed his direction, which is to be continued,” explained Basuki.
He also explained that the development of the IKN is funded through three main sources, namely the State Budget (APBN), private sector investment, and Government and Business Entity Cooperation (KPBU). To date, private sector investment has reached IDR 58 trillion.
“KPBU has also been from the proposals that are being processed for roads, Multi Utility Tunnel (MUT), and housing from Intiland and Nindya Karya. From the APBN of Rp 68 trillion until now,” he said.
The Swedish delegation showed particular interest in the development of electric vehicle (EV) technology and transportation in the IKN area. The Deputy Ambassador of Sweden to Indonesia, Gustav Dahlin, even conveyed plans to bring a number of potential Swedish investors to review the IKN.
“He will bring several Swedish investors back here,” added Basuki.
Sweden and Indonesia have had a close working relationship for the past 70 years. More than 80 Swedish companies, such as Ericsson, Ikea, and H&M, have operations in Indonesia. Sweden’s interest in the development of the capital city underlines the region’s great potential to attract investment in technology and sustainability.
With attention from various international parties, the development of the IKN is increasingly strengthening its position as a global investment magnet.