Key insights and market outlook
President Prabowo Subianto conducted his first visit to Nusantara Capital (IKN), East Kalimantan, reviewing development progress and discussing smart city development plans with key officials. The visit included a limited meeting with cabinet members to discuss IKN's progress and future development strategies, focusing on creating a sustainable and integrated smart city 3
President Prabowo Subianto made his inaugural visit as president to Nusantara Capital (IKN) in East Kalimantan, marking a significant milestone in the nation's capital relocation project. The visit, which took place on January 12, 2026, included a comprehensive review of the ongoing development progress 1
During the visit, Prabowo received a detailed briefing from IKN Authority Chief Basuki Hadimuljono about the current status of infrastructure development. The meeting highlighted the government's commitment to advancing the capital relocation project despite various challenges 1
Coordinating Minister for Infrastructure and Regional Development AHY accompanied Prabowo during the visit and revealed that a limited meeting was held to discuss IKN's development progress and smart city plans. The smart city concept emphasizes efficient, environmentally friendly, and human-centered urban development 3
The development is designed to be phased and coordinated across multiple sectors, ensuring that all aspects of smart city implementation work in harmony. AHY emphasized that successful execution requires strong inter-agency coordination and a commitment to environmental sustainability 3
IKN Development Review
Smart City Planning Meeting
Presidential Infrastructure Visit