Key insights and market outlook
The Prabowo government is maintaining momentum in developing Nusantara as Indonesia's new capital, with strong commitment from key officials. Minister of Public Works Dody Hanggodo confirmed that IKN development will continue under Prabowo's leadership, with a focus on making it the country's political capital. President Prabowo's first visit to IKN since taking office demonstrates the administration's commitment to sustainable development and strategic infrastructure planning.
The Prabowo administration has reaffirmed its commitment to developing Nusantara as Indonesia's new capital city, with key government officials emphasizing continued support for the ambitious project 1
Minister of Public Works Dody Hanggodo provided additional assurance that the development of IKN will proceed according to plan under Prabowo's leadership. Hanggodo specifically encouraged investors to remain confident in the project's future, stating that the government will provide full support for IKN's development as the country's political capital 2
During his visit, President Prabowo received a comprehensive briefing from IKN Authority Chief Basuki Hadimuljono about the project's current status and future plans. The President's visit included an overnight stay and a morning inspection, demonstrating his personal commitment to the project's success 1
IKN Development Continuation
Government Infrastructure Support