Ibu Kota Nusantara (IKN) continues to attract global attention as a major destination for foreign investment. The latest commitment comes from Ayedh Dejem Group, a Dubai-based construction and real estate developer, which has pledged approximately USD 260 million to develop a large-scale mixed-use project in the heart of the new city.
The investment was formalized through a cooperation agreement signed on January 23, 2026, between Otorita IKN and Ayedh Dejem Group. The agreement was signed by Sudiro Roi Santoso, Deputy for Funding and Investment at Otorita IKN, and Sheikh Ayedh Dejem, Chairman of Ayedh Dejem Group, marking another milestone in the government’s effort to accelerate private-sector participation in Nusantara’s development.
Under the agreement, Ayedh Dejem Group will develop 9.7 hectares of land in Kawasan Inti Pusat Pemerintahan (KIPP) 1A, one of the most strategic zones within IKN. The site is located adjacent to Plaza Bhinneka Tunggal Ika, placing it at the center of future administrative, commercial, and public activity.
The planned development will include office buildings, commercial areas, a shopping mall, and a mosque, forming an integrated urban complex designed to support business operations, daily services, and community life. The project is expected to contribute to the creation of a vibrant city center while meeting the needs of residents, workers, and visitors as IKN gradually becomes operational.
The total investment value is estimated at around USD 260 million. According to Otorita IKN, the initial phase will focus on detailed planning, licensing, and contractor procurement, a process projected to take up to 18 months following the signing of the agreement.
Sudiro explained the structured approach and investment scale in an official statement released by Otorita IKN,
“The estimated investment value is approximately USD 260 million, which will begin with detailed planning, followed by the permitting process and contractor tendering, taking no longer than one and a half years from the signing date.”
Based on the agreed timeline, physical construction is scheduled to begin in mid-2027 and will continue in stages over the following five years, aligning with IKN’s long-term urban development roadmap.
Sheikh Ayedh Dejem said the group’s decision to invest was driven by confidence in Indonesia’s economic trajectory and the long-term potential of Nusantara. He pointed to Indonesia’s large population, expanding urban demand, and strategic position in Southeast Asia, combined with the UAE’s experience as a global real estate hub, as key reasons behind the commitment.
The project follows a lengthy preparatory process. Ayedh Dejem Group previously conducted a site visit to IKN on May 8, 2025, and signed a Non-Disclosure Agreement (NDA), signaling early interest and serious engagement before finalizing the investment.
This collaboration reinforces IKN’s growing reputation as a magnet for foreign direct investment, particularly from Middle Eastern developers, and supports the government’s vision of Nusantara as a modern, inclusive, and globally connected capital city built through strategic international partnerships.
Source: Detik, IKN
Special Photo Credit: ikn.go.id
