Prabowo (centre), flanked by former presidents Joko Widodo (right) and Susilo Bambang Yudhoyono, launching the new sovereign wealth fund in Jakarta on Feb 24, 2024. - Antara
JAKARTA: Indonesia will channel US$20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said on Monday (Feb 24).
The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food production, aquaculture, and renewable energy. He didn’t give a timeline for the investments.
