Qatar to invest $2 billion in Indonesia sovereign wealth fund
- Qatar is set to invest $2 billion in Indonesia's new sovereign wealth fund, Danantara Indonesia, to support economic growth, according to Indonesian President Prabowo Subianto.
- President Prabowo Subianto is on a five-nation tour of the Middle East to enhance bilateral ties, including meetings with Qatar Emir Sheikh Tamim bin Hamad Al-Thani.
- Danantara Indonesia was launched in February with a goal to increase annual economic growth from 5% to 8%, and it will manage an initial budget of $20 billion.
- The new fund is Indonesia's second sovereign wealth fund, following the Indonesia Investment Authority, which was established in 2021 and holds $10.5 billion in assets.
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Qatar to invest $2B in Indonesia sovereign wealth fund
JAKARTA, Indonesia – Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country’s new sovereign wealth fund as he looks to boost economic growth. Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region.
·Manila, Philippines
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