INA to Manage Indonesia’s New Capital City Investment

By Editorial Team 12/11/2021
sovereign wealth fund
Summary

Bahlil Lahadalia, Investment Minister/Head of Indonesia's Investment Coordinating Board (BKPM), revealed that the United Arab Emirates (UAE) would soon inject US$10 billion or about Rp 145 trillion (at an exchange rate of Rp 14,500 per US$) for the construction of the new capital city.

He explained that the UAE's investment value for the new capital city would be part of the total investment commitment worth US$44.6 billion as stated in the Memorandum of Understanding (MoU) with the Indonesian government, signed by both countries last week. The UAE vows to realize all of its investment no later than the beginning of 2024. The UAE will invest in the new capital city’s building constructions and information and technology (IT), and renewable energy facilities.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.