The Ministry of Public Works and Public Housing (PUPR) has announced that the groundbreaking of Phase 5 Nusantara Capital (IKN) project will take place on the 29^th February 2024. Based on the sector, the groundbreaking will include several financial industries such as PT Bank Mandiri (Persero) Tbk. (MBRI) and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI). However, no detail on the investment value of the groundbreaking has been divulged.