1Berita English – President Joko Widodo’s visit to Brunei Darussalam has yielded a significant investment gift for Indonesia’s National Capital (IKN) in the form of a commitment from the Brunei Investor Consortium totaling between 300-450 million US dollars (approximately IDR 4-7 trillion).

The investment pledge was announced by Princess Hajjah Amal Rakiah, the sister of Sultan Hassanal Bolkiah, during a meeting with President Jokowi at the Assaara Guest House in Bandar Seri Begawan on Saturday. The written investment commitment for IKN was handed over to the Head of the IKN Authority, Bambang Susantono, in the presence of President Jokowi.

The Ryada Holding Investment Group, representing the Investment Consortium, has signed a Letter of Intent (LoI) for two housing projects worth IDR 4-7 trillion. President Jokowi expressed appreciation and gratitude for the consortium’s commitment to invest in IKN during the meeting with Princess Amal Rakiah.

He also welcomed the investors to witness the progress of the IKN development firsthand.

The diplomatic gathering included Princess Amal Rakiah, accompanied by executives from Redcon Construction and Ryada Holding Investment Group, while President Jokowi was accompanied by high-ranking officials, including Chief of Presidential Staff Moeldoko, Foreign Minister Retno Marsudi, State-Owned Enterprises Minister Erick Thohir, and IKN Head Bambang Susantono.

The President’s visit to Bandar Seri Begawan was met with a warm welcome from Brunei’s Defense Minister, Chief of Police, and other dignitaries.

President Jokowi’s diplomatic agenda included visits to the Philippines and Vietnam before attending the wedding reception of Sultan Hassanal Bolkiah’s son, Prince Abdul Mateen, on January 14 in Bandar Seri Begawan. The investment commitment from the Brunei Investor Consortium marks a positive step in enhancing economic ties between the two nations.