Indonesia-UAE to Establish Sovereign Wealth Fund

Indonesia-UAE to Establish Sovereign Wealth Fund

Oct 1, 2019

Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the development of the new capital city of Indonesia in East Kalimantan. The SWF scheme is still under...
World Bank Invests USD 150 Million for Geothermal in Indonesia

World Bank Invests USD 150 Million for Geothermal in Indonesia

Oct 1, 2019

The World Bank’s Board of Executive Directors has approved a USD 150 million loan for Indonesia to scale up investments in geothermal Energy by reducing the risks of early-stage exploration. The loan is accompanied by USD 127.5 million in grants from the Green Climate...

Lion Air and Garuda Indonesia Join Hands to Build Hangars in Batam

Sep 1, 2019

The two largest airlines in Indonesia, Lion Air and Garuda Indonesia, announced in August 2019 that they are strengthening their cooperation in the aviation industry with several initiatives, including developing joint hangars and establishing an aircraft tire...

MAN Energy Solutions Commissions Three Dual-Fuel Plants in Indonesia

Sep 1, 2019

MAN Energy solutions is working with the Indonesian government to supply over 1,000 islands with reliable power. Based in Germany, MAN Energy Solutions is the world’s leading provider of large-bore diesel and gas engines and turbomachinery s for marine and stationary...