Bloomberg News wrote that the Indonesian government, through its newly established sovereign wealth fund, signed an agreement with Dubai port operator DP World to develop a seaport in Southeast Asia’s largest economy. According to a joint statement issued on October 31, under the agreement, the Indonesian Investment Authority and DP World, one of the world’s largest port operators, will form a consortium to explore long-term investment opportunities across the country. The statement stated, “Partnership The economic value of will be as high as US$7.5 billion. Indonesia, an archipelago with more than 17,000 islands, regards marine logistics and seaports as key support for…
Through its newly established sovereign wealth fund, the Indonesian government signed an agreement with Dubai port operator DP World to develop a seaport in Southeast Asia’s largest economy. Bloomberg News Write.
According to a joint statement issued on October 31, under the agreement, the Indonesian Investment Authority and DP World, one of the world’s largest port operators, will form a consortium to explore long-term investment opportunities across the country. The statement stated, “Partnership The economic value of will be as high as 7.5 billion U.S. dollars.
Indonesia is an archipelago with more than 17,000 islands. Ridha Wirakusumah, president of the National Wealth Fund, said that Indonesia regards marine logistics and seaports as an important support for the domestic economy. The fund allows investors to use funds Invest in sub-funds covering infrastructure, healthcare, tourism, technology and plans to develop a new national capital on Kalimantan.
DP World recently announced a series of transactions aimed at becoming a more diversified and integrated logistics company. According to the report, its business scope ranges from gateways in London and Antwerp to hubs in Africa, Russia, India and the Americas.
