Indonesia's new sovereign wealth fund is negotiating an investment deal in digital infrastructure and is exploring potential investment in the tech sector, its chief executive said on Thursday.
Public Funds Sign on for Indonesian Toll Roads, a Win for Indonesia Investment Authority
Posted on 05/21/2021
Sovereign wealth and pension fund capital are descending on Indonesian infrastructure. Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) signed a Memorandum of Understanding (MOU) to establish Indonesia’s first infrastructure-focused investment platform and INA’s first investment vehicle since its establishment. Indonesia is an increasingly attractive market for international investors, with a growing economy supported by positive demographic trends. Indonesia has a population of over 270 million people.
JAKARTA, March 10 (Reuters): Indonesia s new sovereign wealth fund is exploring investment in dozens of projects, including toll road concessions worth US$2.6 billion, in its first foray into infrastructure assets, a deputy minister has announced.
The Indonesia Investment Authority (INA) was launched last month with a target of managing $20 billion of assets, including some $5 billion the state will put into the fund this year.
Unlike sovereign wealth funds of richer countries, which manage excess oil revenues or foreign exchange reserves, the INA seeks foreign funds as co-investors to finance the country s economic development and aid pandemic recovery. We have the first 24 (toll road) concessions that we are currently discussing with INA for coordination opportunity with a total equity value of around 37 trillion rupiah (US$2.57 billion), said Kartika Wirjoatmodjo, deputy state-owned enterprises minister.
JAKARTA: Indonesia's new sovereign wealth fund is exploring investment in dozens of projects, including toll road concessions worth US$2.6 billion (RM.