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) of Nusantara (Photo: antaranews.com) Jakarta (VNA) - Indonesia and Japan havesigned five memoranda of understanding (MoUs) and 24 letters of intent (LoIs)on the development of the new Indonesian capital (IKN) of Nusantara, theNusantara Capital City Authority (OIKN) has informed.
Bambang Susantono, Head of OIKN, said Nusantaracurrently has the best investment opportunity that exists in Indonesia. This isreflected by various incentives provided by the government to investors.
He affirmedthat the IKN development project will not only be beneficial forIndonesia, but it could also benefit all global partners.
Susantono said the fiveMoUs have been inked by OIKN with Japanese agencies and companies. Meanwhile, the 24 LoIs have been delivered by Japanese companies to OIKN in front ofIndonesian President Joko Widodo.
Nusantara will serve as a living laboratory, which would allow partners toexperiment with new ideas and innovations, Susantono noted.
In addition, Nusantara is aiming to play an active role in global efforts tohandle climate change, rejuvenate biodiversity, and achieve sustainabledevelopment goals (SDGs).
The inking of the MoUs marks the beginning of cooperation between Indonesia andJapan on the IKN development project.
The OIKN head said that he expects Japanese delegations to come to IKN onceagain to further explore existing development as well as cooperation andinvestment opportunities./.
