Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables

Singapore, 17 September (Reuters) –

Indonesian Investment Authority gives priority to digital infrastructure, health and renewable energy resources, as it searches for foreign partners and supports the economic development of the Egemen Servet Fund.

In 2021, it was launched with a binary mission to obtain capital and returns from the government and to promote sustainable growth from the government, and initially focused directly on self -equity investments to bring to foreign common investors.

Currently, the fund, which has currently managed 163.4 trillion rupees ($ 10 billion) assets, has added hybrid capital and private loan to help Indonesian companies expand abroad and technical expertise and capital to the country.

It is Indonesia’s first sovereign reserve fund, but now a wider fund, a wider fund of $ 20 billion in state assets.

“Our government will have more demand for such data centers because our government thinks more about data independence and data flexibility,” Christopher Ganis, CIO of its CIO, said in an interview with the Superreturn Asian Conference in Singapore. He said.

“Everything that supports data centers and digital infrastructure, lower sea cables will be an interesting sector for us.”

In partnership with Indonesia’s technology and AI ecosystem, including Granit Asia, a multi -wealthy company based in Singapore, it has established partnerships in partnerships, including supported projects such as the Dayone Data Center Campus in Batam.

Ganis, who managed the US -based Blackrock’s special credit investments in Southeast Asia before joining Unsına in 2024, said that artificial intelligence is a priority to focus on the practical use of the fund.

“AI is definitely something on my radar, but I don’t want to be a lemming and just follow the herd,” he said. “Maybe we’re doing an AI application in health services.”

Renewable Energy Sources continued to be a focal point by pointing to the investment of 2023 with Pertamina Geothermal energy with Pertamina Geothermal energy. “This is an investment that performs very well for us,” he said.

Ganis, Asia’s financing structure dominated by the bank in the United States of the Out -of -bank options and cross -border growth, he said.

“When you have an international expansion, your domestic bank in Jakarta cannot support international expansion. Your investment goal does not know who you are yet. So who knows you. Here we come here,” he said.

Ganis said that the priority of Unsa continues to be investments in Indonesia.

“There is much more priority at home right now,” he said. He continued: “I want to invest in abroad (in a project) with Indonesia.” ($ 1 = 16.435.0000 Rupiah) (reported by Yangoltra Ngui; regulation by Scott Murdoch and Lincoln Feast.)