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The Early Bird: Hashim's Head Start in IKN

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Algo Research Team

Politics | Aug 18, 2024 | Views: 28

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Key Summary:

  • Since 2007, Hashim owns land near IKN
  • Arsari Group has a dam to supply clean water in East Kalimantan area.
  • Will Arsari Group Benefit from IKN?

The President elect’s brother has been investing in East Kalimantan in the past 2 decades including land, water treatment plant, among others. Will Hashim be a beneficiary once the new capital is up and running?


The Investment. Since 2007, Hashim owns land near IKN. According to CNBC Indonesia, Hashim (via Arsari Group) bought 265,000ha of land in East Kalimantan, Penajam Paser (near IKN) in 2007.

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