Singapore investments
Both leaders also witnessed the signing of an MoU on collaboration on knowledge sharing, capacity building, and research between the Singapore Centre for Liveable Cities (CLC) of the National Development Ministry and the Indonesian Nusantara National Capital Authority (IKN).
IKN and CLC agreed to develop Indonesia’s new capital on Borneo island as a liveable city.
Also read: Indonesia Eyeing Singapore as Electricity Export Market
Signing on behalf of Indonesia was Bambang Susantono, chairman of Nusantara National Capital Authority, while Singapore was represented by Desmond Lee, the National Development Minister of Singapore.
During the Leaders' Retreat, a total of 24 Singapore firms submitted letters of intent (LoIs) for investing in the IKN.
Here’s the list of the 24 Singapore firms:
1. Quantum Power
2. BG&E Group
3. Aries Investment Management
4. Ormand Capital
5. Singtel
6. JOE Green
7. SPIC
8. RE Sustainability
9. Woodlands Transport
10. Mustafa
11. Sembcorp Energy Indonesia
12. ST Engineering
13. Capital World Limited
14. CICC
15. Lek San Group
16. Scanteak
17. YCH
18. SBS Transit
19. King Wan Corp
20. HMI Group
21. LHN Group
22. Avon Group
23. Bauer
24. WEnergy Global
(Writer: Aisyah Sekar Ayu Maharani | Editor : Hilda B Alexander)
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