Indonesia’s New Capital Authority to Follow Up on Malaysian Firms Investment Plans
After receiving the LOI, Indonesia will provide a formal answer by attaching several documents, including non-disclosure agreements (NDA).
JAKARTA, KOMPAS.com – Authority of Indonesia’s planned new capital Nusantara (IKN) will follow up on Letters of Intent (LOI) received from 11 Malaysian enterprises on investing in the country’s future capital. Head of the IKN Authority Bambang Susantono said that after receiving the LOI, his party will provide a formal answer by attaching several documents, including non-disclosure agreements (NDA). "After the NDA is signed, the IKN Authority will send the supporting and technical data to potential investors," he said in a statement on Wednesday, Jan. 13. To date, a total of 71 investors, incl...