The Indonesian Ambassador to Kazakhstan Fadjroel Rachman and a delegation from the BI Group Kazakhstan construction company visited the Archipelago Capital (IKN) field in East Kalimantan, Friday (23/02).
Fadjroel, in a press release from the Indonesian Embassy in Astana, Saturday (24/02), hoped that from this visit, the BI Group will get ideas regarding the types and models of investment that they will soon realize in IKN.
During the visit, the delegation received an explanation about the ease of investing, regulations, and incentives from Nusantara Capital City Investment and Funding Deputy Agung Wicaksono. They also witnessed development developments at Nusantara Capital City, including the presidential palace, government complex and ministerial residences in the central government core area.
According to the Indonesian Embassy's press release, the Kazakh delegation was very impressed by the progress of Nusantara Capital City development with the concept of a smart, green and sustainable city.
Fadjroel said that BI Group Kazakhstan's visit would be a special symbolic moment, especially since Astana (capital of Kazakhstan) is the first sister city for the Nusantara Capital City which was established starting July 3 2023.
BI Group is the largest infrastructure developer in Kazakhstan and Central Asia.
During their visit, the company delegation was led by Global Business Development Director Metin Palik accompanied by representatives from a number of fields, including construction and engineering, settlements, investment development and education.
Metin said, as a company that has been the motor of development of the capital city of Astana for the last 25 years, his party was impressed with the progress of the initial stage of development in the Nusantara Capital City which they saw would achieve the target of the smart city they aspired to.
Astana is the youngest cosmopolitan capital in the world. The former capital of Kazakhstan, Almaty, is currently taking on the role of business and financial center in Central Asia's largest economy.
Nusantara will replace Astana as the youngest capital in the world after being inaugurated as the capital of Indonesia next August.
According to the Indonesian Embassy, five Kazakh companies have submitted letters of interest (LoI) and 1 memorandum of understanding (MoU) to invest in IKN, including BI Group.