Indonesia’s sovereign wealth fund, Danantara, and the government of Qatar have agreed to establish a USD 4 billion investment fund jointly focused on Indonesia, marking Danantara’s first planned collaboration with a foreign partner. The agreement followed a meeting in Doha last month between Emir Sheikh Tamim bin Hamad Al Thani and Indonesian President Prabowo Subianto, according to statements from both governments.
Danantara’s Chief Investment Officer, Pandu Sjahrir, confirmed that both parties will contribute USD 2 billion each, with the combined capital allocated for investment projects in Indonesia. The focus will be on strategic sectors such as downstream industries, healthcare, renewable energy, technology, and other priority areas.
Launched in 2025 as part of President Prabowo’s strategy to accelerate economic growth, Danantara aims to function as both an investment platform and a holding entity for state-owned enterprises. The fund anticipates receiving significant dividend inflows in 2025, some of which will support national strategic initiatives in areas such as food and energy security and resource downstreaming.
Looking ahead, Danantara hopes to attract more foreign co-investments into Indonesia. President Prabowo was accompanied in Doha by Danantara CEO Rosan Roeslani and Public Housing Minister Maruarar Sirait, who signed an agreement with Qatar committing to support the development of one million homes in Indonesia earlier in 2025.
(Source: Bloomberg)
