Need a clear deadline, don’t know how long it will last?

JAKARTA – Minister of Investment, Bahlil Lahadalia admitted that there was no such thing foreign investors who entered the National Capital (IKN) of the Archipelago received sarcasm from the former Coordinating Minister for Political, Legal and Security Affairs (Menko Polhukam) Mahfud MD . He highlighted the lack of clarity regarding the deadline in finding investors IKN .

“Oooh, so far there aren’t any, right? Keep looking, Mas Bahlil. After August 17, the deadline needs to be clear. It could be in 6 months, it could be in 2 years, it could even be who knows how long,” wrote Mahfud MD in his personal media account. social X (formerly Twitter), Wednesday (12/6/2024).

Previously, the Minister of Investment or Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia claimed that new investors would enter after the August 17 ceremony.

“They have communicated with us about when they can start. But we said that after August 17,” said Bahlil, at the DPR RI Building, Jakarta, Tuesday (11/6).

Meanwhile Plt. Head of the Archipelago Capital Authority (IKN), Basuki Hadimuljono, stated that the problem has been why investors have had difficulty entering IKN. According to him, this is because the HGB (Building Use Rights) above the HPL (Land Management Rights) given to investors cannot be used as collateral to banks.

“Because the land status is HGB above HPL, now this is not attractive (for investors),” said Minister Basuki when met at his office, Friday (7/6/2024).

Based on reports, no foreign investment has entered IKN. The IKN Authority reported that incoming investment reached IDR 51.35 trillion consisting of local investors and state-owned companies. The investment value is the total from groundbreaking stages I to VI.

(acres)