Qatar and Indonesia will start a $4 billion investment fund, according to a report
The Qatar Investment Authority (QIA), which is the country’s wealth fund, is planning to create a $4 billion joint fund with Danantara Indonesia. The goal is to invest in the Southeast Asian economy.
Investments in Indonesia
Qatar and Indonesia will each put $2 billion into a $4 billion joint investment fund, according to a report from Reuters on Tuesday, quoting the sovereign wealth fund Danantara.
The fund will focus on projects in industries that process Indonesian resources, as well as renewable energy, healthcare, and technology.
Last week, Masdar, a clean energy company from Abu Dhabi, signed agreements with Indonesia’s state-owned utility, PT PLN (Persero), to promote floating solar power projects in Indonesia.
Construction on a floating solar power plant at the Jatigede Dam will start this year, with the project expected to finish by 2027.
What to watch for
Indonesia has set a GDP growth target of 5.2% for this year, slightly higher than last year’s 5.03%. President Prabowo Subianto hopes to raise growth to 8% by 2029.
Tangent
Indonesian officials have said that US tariffs will have a small effect on the economy, which relies more on the local market.
Other Qatari investments
On Monday, Qatar agreed to invest $7.5 billion directly in Egypt as the two countries strengthen their economic partnership.
Qatar’s investments in Egypt reached $618.5 million in the 2023-2024 fiscal year, up from $548.2 million the year before.
Earlier in February, Qatar promised to invest $10 billion in India’s infrastructure, technology, and energy sectors to help build stronger economic ties and create mutual growth.
To manage these investments, Qatar’s sovereign wealth fund QIA will open an office in India.
Published: 15th April 2025
For more article like this please follow our social media Facebook, Linkedin & Instagram
Also Read:
Beltone raises $206M in second round to boost expansion
Saudi business people meet Egyptian officials for joint fund
Masdar signs deals to boost floating solar power in Indonesia
