REI WOOS GLOBAL INVESTORS TO FUND THE NEW CAPITAL PROJECT

The Association of Indonesian property developers Real Estate Indonesia (REI) announced that its global tour to attract investors to fund Indonesia’s new capital city (Nusantara) in East Kalimantan had ended on a high note. Rusmin Lawin, REI’s deputy chairman for foreign relations, on 07/02 said that almost all potential investors have expressed interest in investing in the new capital, provided that there is a legal certainty, a clear legal framework, an attractive public-private partnership scheme, and a feasible business. “We hope the government’s goal of having 80% of this mega project funded by national and foreign private sectors can be met,” Rusmin Lawin, who also serves as the president of the International Real Estate Federation (FIABCI) for the Asia-Pacific region, said. The new capital project is estimated to cost USD 35 billion according to the government. Since early 2020, REI has been promoting this new capital project to several strategic stakeholders across the globe. REI recently went on a roadshow to the US, Europe, and Middle East to bring foreign investors into Nusantara. In Europe, REI has discussed the new capital project with the Bulgarian Chamber of Commerce, Bulgarian Industrial Association, Switzerland’s 2000 Watt City Society Association, Spain’s Fundación Metrópoli, and Germany’s Immobilien Makler AG. In Asia, REI has had talks with Enterprises International Singapore (IES), Hong Kong Trade and Development Council (HKTDC), the Japan Conference on Overseas Development of Eco-Cities (J-Code), National Agency for Administrative City Construction (NAACC), Iskandar Regional Development Authority (IRDA), Astaka Holdings, Jana DCS Group, AWS Group, Malaysia’s KVG Group. REI is working with Silicon Valley’s investment and real estate expert Lawrence Souza and Georgetown University’s global investment expert William Endsley in the US. It has also discussed investment opportunities with real estate firms such as Cascadia Development Partners, Eco-Industrial House, Yareton Investment Funds, Chinese American Real Estate Association, Cora Global. REI also met with financing firms like Hannover Bank, We Lend Group, Express Capital Financing, Chase Bank, and Empire Bank. In the Middle East, REI had met the Dubai Property Holdings, Diamond Developers, Emaar Properties Group, and Damac Properties Group, among others. The government expects the new capital development to commence in stages until 2045. Still, President Jokowi was adamant that he and his ministers could enter their new offices in Nusantara in 2024. (ICE GIACARTA)

Fonte notizia: (The Jakarta Globe)

https://www.ice.it/it/news/notizie-dal-mondo/203676#

 

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