In an official statement on Thursday (19/9/24,) Acting Head of the IKN Authority, Basuki Hadimuljono, announced that 101 of the 493 plots of land in the Core Area of the Government Center (KIPP IKN) are being prioritized for investment, offering opportunities for micro, small, and medium enterprises (MSMEs) and individual businesses, according to reporting from Tempo.
“We are not selling land but inviting partners to invest in Nusantara,” he said, adding that to facilitate these investments, a clear mechanism or standard operating procedure (SOP) is being prepared in accordance with Presidential Regulation Number 75 of 2024 concerning the Acceleration of IKN Development. “We are adapting the pioneer investor mechanism with slight modifications to support the growth of MSMEs in IKN,” he said.
The Minister of Public Works and Housing (PUPR) also emphasized that the IKN Authority will provide ease of doing business and tax incentives, in compliance with applicable laws and regulations. This aligns with the government’s efforts to foster the development of MSMEs.
Tempo is reporting that interested MSMEs and individual business entities can invest in the new capital in North Penajam Paser, East Kalimantan, through the Investara portal. The maximum land allocation is one hectare.
Furthermore, Basuki explained that MSMEs must meet the criteria outlined in Law Number 20 of 2008 concerning MSMEs and Government Regulation Number 7 of 2021 concerning Ease of Protection and Empowerment of Cooperatives and MSMEs. After fulfilling the requirements, the investment process will proceed with the signing of an agreement. The construction of any projects, he added, must be completed no within 18 months.
Source: Tempo
