The Nusantara Capital City Authority (OIKN) is optimistic that the investment project from Nusantara Consortium, lead by Sugianto Kusuma, alias Aguan, the Nusantara Hotel in IKN will be completed in August 2024. The head of Nusantara Authority Bambang Susantono aims to operate a total of 200 rooms in Nusantara Hotel for the ceremony of Indonesia’s 79th Independence Day on 17 August 2024. As of the 7th March 2024, the construction progress of the Presidential Palace and the Ceremonial Field has reached 58.85%.