Jakarta (ANTARA) - 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.
"Nusantara currently has the best investment opportunity that exists in Indonesia. This is reflected by the various incentives provided by the government to investors," OIKN head Bambang Susantono said in a statement released on Monday.
The IKN development project will not only be beneficial for Indonesia, but it could also benefit all global partners, he added.
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.
"We welcome various types of new technologies to be implemented in our city," he said.
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.
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