Indonesian President Joko Widodo formally commenced the eighth phase of groundbreaking ceremonies in Nusantara (IKN), East Kalimantan, inaugurating a series of major mixed-use commercial developments, international education campuses, and luxury hospitality complexes valued at 1.57 trillion rupiah (approximately $103 million). The milestone event highlights growing private-sector momentum behind Southeast Asia's most ambitious new capital city project.
The ceremony marked a pivotal shift toward foreign direct investment in the planned smart metropolis. Among the flagship ventures initiated was the Delonix Nusantara development, an international mixed-use commercial zone financed by China's Delonix Group, featuring serviced apartments, shopping arcades, and office towers designed according to sustainable urban principles.
Expanding International Investment in Nusantara's Core Urban Zone
In the educational sphere, the President laid the cornerstone for the Australian Independent School (AIS) Nusantara, providing world-class international schooling infrastructure for the families of civil servants, diplomats, and business executives scheduled to relocate to the new administrative hub.
Additional groundbreakings included premium hotel complexes and corporate headquarters spearheaded by domestic enterprises, including PT Magnum Investment Nusantara, expanding hospitality capacity ahead of scheduled government relocations.
“Investment from both domestic and foreign partners continues to flow steadily into Nusantara. We are laying the physical foundations for an intelligent, sustainable future capital.”
Eco-Friendly Infrastructure and Sustainable Smart City Architecture
Widodo reiterated that the development of Nusantara prioritizes green architectural standards, with over 70% of the city area reserved for tropical rainforest canopies and renewable energy systems powering municipal transport.
The ongoing eighth phase demonstrates enduring investor confidence as Indonesia prepares to transition central administrative operations from overcrowded Jakarta to East Kalimantan, solidifying Widodo's transformative infrastructure legacy.
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