Qatar to invest $2 billion in Indonesia's sovereign wealth fund
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Indonesia's president announces Qatar will invest in the country's newest sovereign wealth fund during his visit to the Middle East.
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Indonesian President Prabowo Subianto stands next to the Qatari Emir Sheikh Tamim bin Hamad Al Thani at the Amiri Diwan Palace, Doha, Qatar, on April 14, 2025. (X/ @prabowo)
The Indonesian president announced that Qatar is planning to invest billions of dollars into the country's newest sovereign wealth fund, as he aims to boost economic growth.
Indonesian President Prabowo Subianto announced that Qatar is set to invest $2 billion in Indonesia's new sovereign wealth fund, the Danantara Indonesia fund, following what he described as a "productive" meeting with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani on Sunday.
President Subianto is currently undertaking a five-nation Middle East tour, including visits to the United Arab Emirates, Turkey, Egypt, Qatar, and Jordan, with the aim of strengthening bilateral relations between Indonesia and the region.
Launched in February by President Subianto, the Danantara Indonesia sovereign wealth fund was established as part of his administration's efforts to accelerate annual economic growth from 5% to 8%. The plan includes implementing billions of dollars in government spending cuts.
This marks Indonesia's second sovereign wealth fund, following the establishment of the Indonesia Investment Authority in 2021, which currently manages $10.5 billion in assets.
Danantara revealed its complete board lineup last month, naming American billionaire Ray Dalio and former Thai Prime Minister Thaksin Shinawatra as key advisors to the sovereign wealth fund.
The new fund will manage assets reportedly worth 900 billion dollars, with an initial $20 billion to assume control of various state holdings.
Investment Minister Rosan Roeslani has been appointed as the fund's chief executive, with Subianto setting ambitious targets to expand the fund's asset management from the current $637.5 billion in state-owned enterprise assets (2023 figures) to over $900 billion.
The Danantara will direct investments into more than 20 high-impact national projects across key sectors this year, including nickel, bauxite, copper, food production, renewable energy, and strategic infrastructure development, such as an AI center, oil refinery, and petrochemical facility.
Energy and Mineral Resources Minister Bahlil Lahadalia announced in March that Jakarta has mapped out over 20 energy projects valued at approximately $40 billion for this year, with partial financing expected to come from the Danantara.
