Indonesia's wealth fund to invest in expansion of port in Malacca Straits

JAKARTA, Aug 25 (Reuters): Indonesian state-owned port operator Pelindo and a consortium of the country's sovereign wealth fund and logistics firm DP World have agreed to invest in the expansion of the Belawan port in Sumatra island, the companies had announced.

The deal, the value of which was not disclosed, is part of a $7.5 billion partnership between the Indonesia Investment Authority (INA) and Dubai-based DP World, according to a joint statement issued by Pelindo and the INA.