JakartaGlobe-Mar 24

The United Arab Emirates has announced a plan to invest $10 billion in the Indonesia Investment Authority, or INA, the largest commitment from a single country to the sovereign wealth fund so far, reflecting a warm relationship between the two countries and their leaders. Emirates News Agency, the sheikhdom’s official news agency, reported on Tuesday that the plan was a directive from Abu Dhabi Crown Prince Mohamed bin Zayed Al Nahyan. UAE would focus its investment in Indonesia’s strategic sectors, such as infrastructure, roads, ports, tourism, agriculture, and other sectors that promote economic growth and social welfare, the news agency said.

Read more at: https://jakartaglobe.id/business/uae-unveils-10b-commitment-to-indonesias-swf-the-largest-so-far