ASIATODAY.ID, JAKARTA – Foreign investment momentum in Indonesia’s new capital, Nusantara (IKN), continues to build as UAE-based real estate developer Ayedh Dejem Group officially commits IDR 4 trillion (approximately US$260 million) to develop a large-scale integrated complex in the heart of the future capital.
The investment will cover the construction of a shopping mall, office towers, commercial zones, and a mosque on a 9.7-hectare site located in the Core Government Area (KIPP) 1A, one of the most strategic zones in Nusantara, adjacent to Plaza Bhinneka Tunggal Ika.
The agreement was signed on Friday, January 23, 2026, between the Nusantara Capital Authority (OIKN) and Ayedh Dejem Group, represented by OIKN Deputy for Funding and Investment, Sudiro Roi Santoso, and Ayedh Dejem Group Chairman, Sheikh Ayedh Dejem.
Confidence in Indonesia’s Economic Growth
Sheikh Ayedh Dejem said the decision to invest in Nusantara was driven by strong confidence in Indonesia’s long-term economic growth and the strategic role of the new capital as an emerging economic hub.
“Indonesia’s economy is experiencing significant growth. God willing, Nusantara will grow rapidly, creating demand for large-scale projects to support its development,” Sheikh Ayedh Dejem said in an official statement.
As a Dubai-based real estate developer operating from one of the world’s leading financial centers, he noted that Indonesia’s large population and expanding economy present major opportunities in the property sector.
“Real estate development is our core business. With Indonesia’s vast population and market size, we see strong potential for sustained growth in Nusantara,” he added.
Strategic Land Allocation in the Core Capital Area
Sudiro Roi Santoso welcomed the completion of the land allocation agreement, calling it a key milestone in attracting global investors to Nusantara.
“On January 23, we successfully signed the land allocation agreement for 9.7 hectares with Ayedh Dejem Group,” Sudiro said.
The integrated development will feature modern office complexes, commercial areas, a large-scale shopping mall, and religious facilities, designed to support the early urban ecosystem of Indonesia’s new capital.
Project Timeline and Investment Phases
According to Sudiro, the total investment value is estimated at IDR 4 trillion. The initial phase will focus on detailed planning, permitting, and contractor tendering, a process expected to take up to 18 months from the signing date.
Physical construction is scheduled to begin in mid-2027, with development continuing in stages over the next five years.
He added that the project is the result of a long-term engagement process, including site visits to Nusantara and the signing of a Non-Disclosure Agreement (NDA) between both parties in May 2025.
Signal to Global Investors
The entry of Ayedh Dejem Group reinforces growing international confidence in Indonesia’s ambitious capital relocation project, highlighting Nusantara’s appeal to global investors beyond public funding.
With trillions of rupiah in committed capital and a prime location at the core of the city, the project is expected to become one of the early commercial landmarks in Indonesia’s new capital. (AT Network)
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