In a conference in Singapore in June 2023, Widodo attempted to reassure investors the challenge would continue on no matter who would win the 2024 Indonesian presidential election, and that Nusantara was a "golden option" for investment decision.

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Ini akan menjadi pemicu masuknya investasi-investasi baru yang akan mempercepat tumbuhnya kawasan IKN secara keseluruhan," jelas Danis.

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Trees becoming planted as town is created to be sustainable. The Ministry of Public Is effective and Public Housing arranged a funds town style and design contest in late 2019. The winner, Nagara Rimba Nusa ('Forest Archipelagic Place')[46] by City+ was officially declared on 23 December 2019. The federal government undertook to collaborate on the look in the successful staff with that of the next- and third-put teams, as well as Worldwide designers, to sharpen the ultimate design procedure as much as 2020.

Based on the Nusantara Clever Metropolis Blueprint, the city's improvement has actually been divided into 5 phases, with the initial stage (2022–2024) involving the relocation of the money from Jakarta to Nusantara.

By the tip of Joko Widodo's presidency, a lot of buildings had been finished such as the Point out Palace, ministry places of work, household buildings, monuments and parks, and also projects exterior governing administration budget including lodges, hospitals, and PSSI coaching Heart. On 17 August 2024, Indonesia formally celebrated its Independence Day for The 1st time in Nusantara.

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It is because the 2025 APBN however has limited IKN fiscal Place, significantly mainly because of the significant expenditure essential for instruction, healthcare, Vitality subsidies, along with other priority expenses.

In this context, economists think The brand new regulation will depend closely on The federal government’s capability to make enterprise incentives and attract investment decision.

“If your spending budget allocation with the APBN is limited, non-public investment must be boosted. The federal government can prioritise the APBN allocation for essential or very important aspects, when other features are financed by the private sector,” he stated.

Ini adalah awal dari rangkaian proyek besar selanjutnya seperti pembangunan gedung legislatif dan yudikatif serta infrastruktur pendukungnya," ujar Basuki.

For that reason, Josua is encouraging the government to aggressively optimise other schemes by enabling greater contributions with the personal sector.

Ini untuk memberikan keamanan dan keberlanjutan proyek dan memastikan kelanjutannya setelah Joko Widodo tidak lagi di kursi kepresidenan.[28]