Indonesia’s Nusantara Capital Authority (OIKN) has partnered with UAE-based Ayedh Dejem Group for a major Nusantara capital project. This deal covers 9.7 hectares in the Core Government Area (KIPP) 1A.
The agreement was signed in Dubai by OIKN Deputy for Funding and Investment Sudiro Roi Santoso and Ayedh Dejem Group Chairman Sheikh Ayedh Dejem. Consequently, the UAE firm will develop offices, commercial spaces, a shopping mall, and a mosque.
Sheikh Ayedh Dejem said the project reflects strong confidence in Indonesia’s and the UAE’s economic potential. Furthermore, he added that Indonesia’s population size and Dubai’s global position support growth in Nusantara’s real estate sector.
Sudiro Santoso called the signing a strategic milestone for the Nusantara capital project. He estimated the investment at Rp4 trillion (US$238.4 million) and explained that design planning, licensing, and contractor selection will take about 18 months.
Construction is scheduled to start in mid-2027 and proceed in phases over five years. Meanwhile, Sudiro noted that the agreement demonstrates careful preparation and long-term commitment from both parties.
Previously, Ayedh Dejem Group visited the Nusantara site and signed a non-disclosure agreement on May 8, 2025. Therefore, officials emphasized that this project signals the start of broader international collaboration.
The Dubai ceremony also included OIKN officials such as Deputy for Social, Cultural and Community Empowerment Alimuddin, along with representatives from investment, financing, and human resources directorates. Their presence highlighted government support for foreign partnerships.
Moreover, the project supports Nusantara’s vision as a “World City for All,” promoting public-private cooperation and sustainable urban development. Analysts note that partnerships with foreign developers can boost investor confidence and set benchmarks for future projects.
Additionally, the Nusantara capital project demonstrates Indonesia’s efforts to expand economic activity beyond Java. It creates new hubs for commerce, governance, and residential living while attracting UAE and regional investment.
Officials expect similar partnerships to follow, further accelerating Nusantara’s development. Ultimately, they aim to combine infrastructure, commerce, and cultural spaces in a phased, integrated approach that supports long-term growth.
