Indonesia plans to set up a development investment unit under sovereign wealth fund Danantara.
President Prabowo Subianto, leader of the Southeast Asian country, announced the move in a presidential decree published on the website of the Regulation Registry on May 30.
According to the decree, the development investment unit will focus on investments for national development, and those that generate positive social and economic impacts. There were no further details.
It will be Danantara’s third unit after Danantara Asset Management and Danantara Investment Management.
The asset management unit oversees the operations of over 1,000 state companies, while the investment management unit seeks out investment opportunities to maximise returns, using dividends from the state companies.
Danantara was established in 2025 and currently has about US$1 trillion of assets under management.
