What Is INA's Strategy to Secure US$200 Bln in AUM by 2024?
The Indonesia Investment Authority (INA) aims to pool US$200 billion worth of assets under management (AUM) by 2024. INA's Chief Executive Officer Ridha Wirakusumah admitted that the institution would now focus on attracting more investments in the energy and digital sectors. However, Bloomberg reported that INA is also completing its second investment in toll roads and bringing in one of the world's largest geothermal energy companies in the next few months. However, Ridha refused to provide further details. INA managed to boost the AUM from US$200 million at the beginning of its conception to more than US$27 billion to date
Following the better investment prospects after the COVID-19 pandemic, Ridha is optimistic that Ina will meet and even exceed the target. INA recently signed investment agreements in the electric vehicle and energy transition sectors. "We are also investing in digital infrastructure and commerce," he said.