JAKARTA: The government plans to accelerate realisation of foreign direct investment (FDI) commitments for the Nusantara Capital City (IKN) development project after the Constitutional Court issues its verdict in the electoral dispute later this month, says Investment Minister Bahlil Lahadalia.
“We have received a lot of commitments from foreign investors, but they did not materialise during the period of the general election. We can only count investments after they start building, not when they express an interest,” Bahlil said on Monday after a meeting with President Joko “Jokowi” Widodo, as quoted by Kompas.com.
At an offline event with investors and bankers in early February, Jokowi acknowledged that businesses had adopted a “wait and see” approach prior to election day on Feb 14.Last November, he said that no foreign investments had been realised, but the government assured that the IKN project had generated many expressions of interest.
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