Five local entities have signed the Cooperation Agreement for land utilization in the National Capital of Nusantara (IKN) with the IKN Authority (OIKN). The value of this cooperation reaches Rp1.2 trillion and comprises various mixed use projects including hotels, offices and universities. Furthermore, the construction phase of the cooperation will also be started in 2025. The construction will also the include the initial construction of 1B and 1C Central Core Administrative Area.