Which Malaysian companies have submitted Letters of Intent for Nusantara?

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Malaysian Companies Express Interest in Nusantara Capital City Development

A total of 21 Letters of Intent (LOIs) have been submitted by Malaysian companies to the Nusantara Capital City Authority (OIKN) for participation in the development of Indonesia's new capital. These submissions indicate a significant interest from Malaysian businesses in exploring investment opportunities within this ambitious project.
Identified Companies and Their Roles

During a working visit to the Nusantara Capital City (IKN) site, Malaysian Ambassador to Indonesia Datuk Syed Md Hasrin Tengku Hussin was accompanied by several prominent Malaysian business leaders. These included Tan Sri Gan Seong Liam, CEO of Maxim Global Bhd; Lee Chun Fai, CEO of IJM Corporation Bhd; and Datuk Seri Timothy Lim, President of Limkokwing University of Creative Technology. The presence of these individuals suggests their respective companies are among those actively considering or having submitted proposals for involvement.
Focus on Housing and Education Development

Agung Wicaksono, Deputy of Financing and Investment for OIKN, specifically welcomed the ambassador and the Malaysian companies that have come forward. He noted that several of these companies have not only proposed projects but have also conducted feasibility studies. These studies primarily focus on the development of housing and educational facilities, catering to civil servants who will be relocating from Jakarta to Nusantara.
Commitment to Investment and Collaboration

The visit by the Malaysian delegation, including company representatives, was highlighted by OIKN as a significant step. Agung Wicaksono expressed pride, stating that this marked a notable occasion where an ambassador led company representatives who were committed to investing, rather than merely visiting. This commitment aligns with President Joko Widodo's mandate for Nusantara's development through investment and underscores the potential for bilateral cooperation between Malaysia and Indonesia.

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Which Malaysian companies have submitted Letters of Intent for Nusantara?

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