Dubai group keen to invest in Nusantara

Quick Summary:

JAKARTA: The Nusantara Capital City (IKN) Authority says the Ayedh Dejem Group from the United Arab Emirates (UAE) has submitted an expression of interest to invest in the commercial area of the nation's future capital in East Kalimantan.

The UAE firm’s potential investment in Nusantara is the first to surface in months since President Prabowo Subianto indicated his priorities were different from that of his predecessor Joko “Jokowi” Widodo, who initiated the IKN relocation and development megaproject.

His administration says that it’s not just the IKN Authority providing the guarantees, but that thay will also be backed by the Finance Ministry.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIndonesiaUnited Arab Emirates

Topics: East Kalimantan Nusantara /Business/Business News Economy Investment Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 00:00:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28856497

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