He didn’t give a timeline for the investments.
Indonesia will channel US$20 billion ($26.71 billion) in budget savings to its newly-created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said Monday.
The president said Danantara would invest the sum into projects in downstream nickel, bauxite, copper, artificial intelligence, oil refineries, petrochemical plants, food production, aquaculture and renewable energy.
