GIC, ADIA Boost Indonesia Investment Authority's AUM

By Editorial Team 03/10/2022
sovereign wealth fund
Summary

The Indonesia Investment Authority (INA) raised more than US$20 billion in assets under management (AUM). In an interview with Reuters, INA Chief Executive Officer Ridha Wirakusumah said the investment came from the Government of Singapore Investment Corporation Private Ltd (GIC) and the Abu Dhabi Investment Authority or ADIA. "Investors are actively looking at infrastructure assets," he said Friday.

According to him, INA faces challenges in funds distribution in the right instruments. He said Indonesia has plenty of youth population and abundant natural resources. Its position as the largest economy in Southeast Asia is actually attractive to investors. Ridha said investors have direct investment opportunities in toll roads, airports, and seaports. INA is also seeking investors for the water and logistics sectors and digital infrastructure, including fiber optics and data centers.

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