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Indonesia to launch new sovereign wealth fund with over $900 billion in assets

Reuters
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JAKARTA ( Reuters ) - Indonesia 's President Prabowo Subianto will launch a new sovereign wealth fund called " Danantara " on February 24 with assets under management exceeding $900 billion , according to a video statement shared by the government on late Thursday . Prabowo said the fund will invest in sustainable high impact projects across sectors such as renewable energy, advanced manufacturing, downstream industries and food production. He made the statement in a video at the World Governments Summit in Dubai . (Reporting by Stefanno Sulaiman ; Editing by Tomasz Janowski ).