Danantara to become one of largest sovereign wealth funds: Prabowo

Jakarta (ANTARA) - President Prabowo Subianto announced that Indonesia's newly launched sovereign wealth fund, Daya Anagata Nusantara (Danantara), will be one of the largest in the world.

"The people of Indonesia should be proud because, with total assets of more than 900 billion US dollars, Danantara Indonesia will be one of the biggest sovereign wealth funds in the world," he remarked at the launch of the Danantara Investment Management Agency here on Monday.

Prabowo stated that during the first 100 days of his presidency, the government had secured nearly USD20 billion in savings.

Previously plagued by inefficiency, corruption, and poorly targeted spending, the funds will be allocated to be managed by the Danantara Investment Management Agency and invested in 20 or more national projects as part of the industrialization and downstreaming efforts.

These projects encompass the downstreaming of natural resources such as nickel, bauxite, and copper, as well as the development of data centers, artificial intelligence, oil refineries, petrochemical plants, food and protein production, aquaculture, and renewable energy development.

"These are the sectors that will determine our future, our resilience, and our nation's self-reliance," Prabowo highlighted.

The president also expressed appreciation to all parties who have worked hard to realize Danantara.

He noted that Danantara is a milestone in Indonesia's journey towards prosperity, resilience, and economic independence.

Danantara was officially launched by President Prabowo Subianto, accompanied by former presidents Joko Widodo and Susilo Bambang Yudhoyono on Monday.

Earlier in the day, President Prabowo enacted Presidential Decree Number 30 of 2025 on Danantara's board of advisors and executive board and Government Regulation Number 10 of 2025 on Danantara's organization and governance.