Indonesia's new sovereign wealth fund Danantara to invest $20b in projects

Indonesia's new sovereign wealth fund Danantara to invest $20b in projects

FILE PHOTO: Indonesian President Prabowo Subianto salutes during a welcoming ceremony at the government palace, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Lima, Peru November 14, 2024. REUTERS/Agustin Marcarian/ File Photo

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country’s new sovereign wealth fund.

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