Nusantara Consortium Chief Remains Optimistic Despite Nusantara Leadership Changes
Jakarta. Sugianto Kusuma, also known as Aguan, the head of the Nusantara Consortium, has addressed the recent shifts in leadership within the Nusantara Capital City Authority (OIKN) following the resignations of Bambang Susantono and Dhony Rahajoe from their respective positions.
Despite Bambang Susantono's resignation, Aguan remains confident that projects within the Nusantara Capital City (IKN) will continue smoothly. He sees the appointment of the Public Works and Public Housing Minister (PUPR), Basuki Hadimuljono, as the interim head of OIKN as a positive development.
"I am confident that we can move forward faster, decisions can be made quickly. All investors also believe that he is the right replacement," Aguan remarked on Wednesday.
Aguan, the owner of the renowned property company Agung Sedayu Group, highlighted Basuki's presence as reassuring for investors in Nusantara, facilitating the acceleration of projects such as the Astra Biz Center and Nusantara Botanical Garden.
Moreover, Aguan disclosed that the construction progress of Nusantara Hotel has reached 90 percent, with an expected completion date in July. The project requires an estimated investment of Rp 20 trillion ($1.3 billion).
The Nusantara Consortium, comprising 12 companies, actively contributes to the development of Nusantara. Ongoing projects encompass mixed-use buildings, hotels, shopping centers, offices, and more.
Notable conglomerates within the Nusantara Consortium include Prajogo Pangestu (Barito Group), Franky Wijadja (Sinar Mas), Boy Thohir (Adaro), Eka Tjandra (Mulia Group), Kuncoro Wibowo (Ace Hardware), Djoko Susanto (Alfamart), and Pui Sudarto (Pulau Intan Group).
Indonesia is currently racing against time to build Nusantara as President Joko Widodo plans to start working from the nation's new capital this July. He also aims to celebrate Indonesia’s Independence Day on August 17 in the yet-to-be-built capital.
Basuki Hadimuljono assured that Nusantara's development would proceed as planned, with progress reaching 80 percent.
Tags: Keywords:
as a preferred
Related Articles
Vice President Gibran to Begin Working From Nusantara This Year
Vice President Gibran Rakabuming Raka is expected to begin working from Nusantara’s new vice presidential palace later this year.
Lion Air Group to Build 30-Hectare Aircraft Maintenance Hub at Future Capital Nusantara
Lion Air Group plans a 30-hectare aircraft maintenance facility at IKN airport as Indonesia prepares to develop it into a commercial hub.
PANI's First-Half Profit Soars 484% to Record High on Waterfront City PIK2 Growth
PIK2 developer PANI posted a record Rp 1.7 trillion first-half profit as land and property handovers lifted revenue by 78%.
Indonesian Parliament Approves $334 Million for New Capital Nusantara in 2027
Indonesia approves Rp6 trillion ($334 million) for Nusantara in 2027, keeping construction on track despite a lower-than-requested budget.
Constitutional Court Confirms Jakarta Still Indonesia's Capital, Not Nusantara
Indonesia’s Constitutional Court ruled Jakarta remains the nation’s capital until a presidential decree transfers it to Nusantara.The Latest
Court Hears of $5,000 Fee for Expedited Hajj Slots in 2023
A former Religious Affairs Ministry staffer testified that 181 pilgrims paid $5,000 each for expedited hajj departures in 2023.
Five Journalists Reported Missing While Covering Anak Krakatau Eruption
Five journalists and two boat crew members are missing after losing contact while covering the Anak Krakatau eruption off Banten.
Trump Tariffs Cripple EU Firms’ Confidence in ASEAN
As many as 81% of the surveyed European businesses admit that the US tariffs had weakened their confidence in ASEAN.
Rupiah Strengthens to Rp17,632 on Reserve Boost
The rupiah rose 0.05% to Rp17,632 as higher foreign exchange reserves offset geopolitical risks and US inflation concerns.
Stocks Climb 1% as Indonesia’s Reserves, Airport Operations Recover
Indonesian stocks rose 1% as stronger foreign reserves and airport reopenings lifted domestic market sentiment.Most Popular
