Jakarta, Jan. 25 -- Indonesia's Nusantara Capital Authority (OIKN) has officially partnered with UAE-based construction and development firm Ayedh Dejem Group for a mixed-use project in the future capital, Nusantara.

The cooperation was formalized through the signing of a land allocation agreement by OIKN Deputy for Funding and Investment Sudiro Roi Santoso and Ayedh Dejem Group Chairman Sheikh Ayedh Dejem in Dubai on Friday, according to an OIKN statement issued Sunday.

"There is significant growth in the Indonesian economy. And God willing, the economy in Nusantara will grow rapidly, creating demand for large-scale projects," Dejem said during the signing ceremony.

Under the agreement, Ayedh Dejem Group will utilize 9.7 hectares of l...