Local firms keen to invest in Nusantara

12 Dec 2024

A total of 25 companies from Malaysia have sent letters of intent to invest in Indonesia’s Nusantara Capital City (IKN) so far, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Of that, he said two companies have passed the final evaluation stage, with investment potential of RM7.79bil and RM10.47bil, respectively.

“Proposed activities or industries (for investment in IKN) include energy, urban development, manufacturing, infrastructure, waste management solid and consulting services.

“The involvement of companies from Malaysia in the development of IKN is expected to boost bilateral trade and investment relations between Malaysia and Indonesia,” he said.

Source: Bernama