Danantara And Qatar Investment Agency Manage Joint Funds Worth 4 Billion US Dollars
JAKARTA - The Government of the Republic of Indonesia and the Government of Qatar agreed to form a joint investment fund worth US$4 billion or equivalent to Rp67.32 trillion (assuming an exchange rate of Rp16,381 per US dollar).
The funds will be managed by the Investment Management Agency, Daya Anagata Nusantara (Danantara Indonesia), together with the Qatar Investment Authority (QIA), in the framework of a strategic partnership (co-partnership).
This strategic step was announced following the official visit of the President of the Republic of Indonesia Prabowo Subianto to Doha on Sunday, April 13.
Presiden Prabowo Subianto menyampaikan bahwa masing-masing negara akan berkontribusi sebesar 2 miliar dolar AS dalam dana tersebut.
"We agreed to immediately increase cooperation. Emir Qatar will invest through Danantara Indonesia, with a commitment of 2 billion US dollars for this joint fund," Prabowo said after a meeting with Emir Qatari Sheikh Tamim bin Hamad Al Thani, in an official statement, Tuesday, April 15.
Prabowo also said that this fund will focus on investment opportunities in various strategic sectors, including downstreaming, health, renewable energy, technology, and other sectors that are considered relevant by fund managers.
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Meanwhile, the CEO of Danantara Indonesia, Rosan Roeslani, expressed his institution's full readiness to oversee the realization of the agreed investment.
We welcome the trust given by the Qatari Government through the establishment of this joint fund. Danantara Indonesia is ready to carry out this mandate by implementing prudent, transparent, and result-oriented investment governance. Our focus is to ensure that every funded project has a strategic and sustainable impact on the national economy," said Rosan.