August 5, 2024
Art Investment

OIKN prepares for construction of world-class museum in new capital


Dubai, UAE (ANTARA) – The Nusantara Capital Authority (OIKN) is preparing for the construction of a world-class museum in Indonesia’s new capital, Nusantara, which will become one of the new icons in Indonesia.

“Of course, we will ask for opinions from arts and culture experts, arts and culture schools, as well as practitioners and experts,” OIKN Head Bambang Susantono said after visiting a museum in Abu Dhabi, United Arab Emirates (UAE), on Saturday (December 2) local time.

He noted that in order to realize the construction of a world-class museum in the new capital, his party had communicated with cultural figures and art practitioners and even conducted studies in several countries with world-famous museums.

All of those efforts were made to help define a world-class museum that can reflect the diversity of the Indonesian people in a museum that will be built in Nusantara in the future.

“We carried out several comparisons in Europe, in several places, and also later we will consult with museum foundations in Indonesia so that later we will get the best,” Susantono explained during a visit on the sidelines of the COP28 event in Dubai, UAE.

The development of Nusantara on Kalimantan Island is one of the strategic priority projects included in the 2020–2024 National Medium-Term Development Plan (RPJMN).

The construction of the new capital is planned to be carried out from 2022 to 2045.

The Indonesian government is targeting that the construction be funded 80 percent from investment and 20 percent from the state budget.

This year, the realization of the new capital’s spending has reached Rp13 trillion (US$839.52 million) as of October 2023 from the total allocation of Rp29.3 trillion (US$1.89 billion) in the 2023 State Budget.

The allocated Rp29.3 trillion spending ceiling includes infrastructure spending of Rp26.3 trillion (US$1.69 billion) and non-infrastructure spending of Rp3 trillion (US$193.73 million).

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Translated by: Prisca Triferna, Raka Adji
Editor: Azis Kurmala
COPYRIGHT © ANTARA 2023



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