Judul: IKN Nusantara: A Catalyst for Balanced Development and Indonesia's Rise

Ibu Kota Negara (IKN) Nusantara is a visionary project initiated by the Indonesian government. This groundbreaking endeavor involves relocating the nation's capital from Jakarta to the far-flung region of Penajam Paser Utara in East Kalimantan. Spearheaded by President Jokowi, this revolutionary project comes with a substantial price tag of Rp 466 trillion, with Rp 86.4 trillion allocated from the state budget. This significant financial requirement poses a challenge for the Indonesian government, compounded by the ongoing focus on post-COVID-19 pandemic recovery efforts. Despite these obstacles, the IKN Nusantara project is slated for inauguration on August 17, 2024, coinciding with the 79th anniversary of Indonesia's Independence Day.

The decision to relocate Indonesia's capital is rooted in a confluence of historical, sociological, and ecological considerations. The concept of shifting the capital was first proposed by President Soekarno, long before President Jokowi's administration. Soekarno envisioned Palangkaraya as the ideal location, citing its central position within the Indonesian archipelago and its vast territorial expanse. Additionally, Soekarno aspired to showcase Indonesia's capability in establishing a modern capital city to the international community. However, Soekarno's vision remained unrealized. 

President Joko Widodo has revived this discourse, proposing the relocation as a solution to achieve balanced economic development, population distribution, and infrastructure across the nation. The IKN project transcends mere geographical relocation; it encompasses a transformation of work culture, a paradigm shift, and the meticulous preparation of human resources.

President Jokowi's long-term vision and swift action for the IKN Nusantara project are driven by several pressing needs:

1. Addressing Future Challenges: In line with Indonesia's Vision 2045 to become a global powerhouse, the nation aims to propel its economy into the top five worldwide by 2045, with a projected GDP per capita of US$23,119. Achieving this ambitious goal requires strategic planning and proactive measures, which the IKN project embodies.

2. Fostering Inclusive and Equitable Economic Growth: The current concentration of government, economic, and industrial hubs in Jakarta and its surrounding areas has led to uneven development and prosperity across Indonesia. Centralized growth in Java has hindered the optimal utilization of regional potential, potentially impeding sustainable economic progress. The IKN project seeks to promote balanced economic development, equitable population distribution, and improved infrastructure across Indonesia, particularly in Eastern regions

In its development process, IKN Nusantara requires various vendors to win multiple tenders. These vendors are not only from the government sector, but private parties can also become vendors for the IKN Nusantara project. The development of IKN Nusantara may be a project worth considering for issuers in the construction and property sectors. Several government-owned construction companies such as ADHI, WSKT, WIKA, and PTPP are already involved in the IKN Nusantara project. Meanwhile, some property issuers benefiting from the IKN Nusantara project include CTRA and PWON.

In conclusion, the IKN Nusantara project serves as a powerful symbol of Indonesia's ambition and its commitment to a more balanced and prosperous future. As construction progresses, the project has the potential to unlock the nation's full economic potential and solidify its position as a global leader.

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Writer : Patrialis (Staff ERD)

           : Desmon (Staff ERD)