Indonesia, Japan ink 5 MoUs, 24 LoIs on IKN Development

Indonesia and Japan have signed five memoranda of understanding (MoUs) and 24 letters of intent (LoIs) on the development of the new Indonesian capital (IKN) Nusantara, the State Capital Authority (OIKN) has informed. Five MoUs have been inked by OIKN with Japanese agencies and companies. Meanwhile, 24 LoIs have been delivered by Japanese companies to OIKN in front of Indonesian President Joko Widodo.


Nusantara will serve as a living laboratory, which would allow partners to experiment with new ideas and innovations, Susantono noted.

In addition, Nusantara is aiming to play an active role in global efforts to handle climate change, rejuvenate biodiversity, and achieve sustainable development goals (SDGs). The inking of the MoUs marks the beginning of cooperation between Indonesia and Japan on the IKN development project. The OIKN head said that he expects Japanese delegations to come to IKN once again to further explore existing development as well as cooperation and investment opportunities.

Executive Senior Vice President of the Japan International Cooperation Agency (JICA) Yamada Junichi said that the agency is providing investment support in Indonesia, especially in IKN. JICA investors are ready to support investment in Indonesia, specifically in IKN infrastructure, such as the revitalization of Balikpapan Airport, and the energy sector, specifically power supply facilities, he said.

Meanwhile, Governor of the Japan Bank for International Cooperation (JBIC) Tadashi Maeda expressed his commitment to supporting the development of IKN, specifically to realize IKN as a carbon-neutral city by focusing investment in renewable energy, such as hydropower.

Source by antara news

Disclaimer

The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia are subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. For more Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: FacebookInstagramLinkedin, and Twitter.

Lest's Connect With Us

RELATED PAGE
Limited Stay Permit (KITAS) Regulations Update 2023

Limited Stay Permit (KITAS) Regulations Update 2023

//
October 19, 2023
Read More

Limited Stay Permit (KITAS) Regulations Update 2023

KITAS Investor is a special type of residence permit designed for foreign investors who wish to establish or invest in business activities (PT PMA) in Indonesia. KITAS Investor is a

The Benefits of Applying for Investor KITAS in Indonesia

The Benefits of Applying for Investor KITAS in Indonesia

//
June 16, 2023
Read More

The Benefits of Applying for Investor KITAS in Indonesia

Investor KITAS is a stay permit that offers many benefits to investors who invest in a company in Indonesia and want to manage this company. Here are some benefits of

The Investor KITAS in Indonesia – A Comprehensive Guide

The Investor KITAS in Indonesia – A Comprehensive Guide

//
June 15, 2023
Read More

The Investor KITAS in Indonesia – A Comprehensive Guide

Are you a foreign investor looking to invest in Indonesia? The Investor KITAS may be the perfect solution for you. The Investor KITAS is a visa specifically designed for business

Retirement Kitas in Indonesia: Everything You Need to Know Before Apply

Retirement Kitas in Indonesia: Everything You Need to Know Before Apply

//
June 14, 2023
Read More

Retirement Kitas in Indonesia: Everything You Need to Know Before Apply

Before deciding to apply for a Retirement Kitas (KITAS Lansia) in Indonesia, there are several important things you need to know: Eligibility Criteria To be eligible for a Retirement Kitas,

Visa Extension Made Easy: What You Need to Know Before Extending Your Stay Permit in Indonesia?

Visa Extension Made Easy: What You Need to Know Before Extending Your Stay Permit in Indonesia?

//
June 13, 2023
Read More

Visa Extension Made Easy: What You Need to Know Before Extending Your Stay Permit in Indonesia?

Extending your residence permit is an important decision that requires careful consideration. Whether you're studying, working, or simply exploring a new country, understanding the process and key factors involved in

prev
next
error: Alert: Content is protected !!