A fresh Indonesian sovereign wealth fund will manage the property of all state-owned businesses worth more than US$ 900 billion, according to President Prabowo Subianto, who stated that the bank will spend in 20 or more high-impact regional projects this time.
Speaking at the start of the Daya Anagata Nusantara- or Danantara- bank on Monday ( Feb 24 ), Prabowo said that the first storm of investments for US$ 20 billion would be used for” proper projects” involving metal, ore, copper, food production, clean energy, artificial intelligence, oil refineries and petrochemical plants.
” These are the areas that will determine our future, our endurance and our government’s self-reliance”, said Prabowo.  ,
When Prabowo took office in the late October of this year, he had set a target annual economic growth rate of 8 %. It is now at about 5 %.  ,
On Monday, Prabowo stated that Indonesia is ready to work with people, including foreigners, to transform Danantara into a success story and make new jobs.  ,
” Indonesia sends a clear message to all friends and partners worldwide ( that ) Indonesia is open for collaboration, open for business, open for investment, and open to shared prosperity”, he said.  ,
” Danantara Indonesia will enable us to expand our global cooperation,” said Indonesian President.” I hope that all international partners will recognize Indonesia’s potential as a pillar of local stability and shared progress as well.”