The Indonesian sovereign wealth fund and the Dubai-based logistics company have signed a $7.5 billion deal to form a long-term consortium to invest in Indonesia's seaports.
According to Arab Net, DP World and the Indonesian Investment Authority said in a joint statement that the consortium will explore investments in ports, cargo areas, and land transport to and from ports and industrial areas, which It will reduce logistics costs in Indonesia.
The statement said that DP World will seek to benefit from its joint investment platform with the Canadian pension fund, the Quebec Deposit and Investments Fund.
The government of Indonesia launched its sovereign wealth fund last February, and the fund is tasked with increasing its assets to $20 billion by attracting co-investors to fund infrastructure development in South Africa's largest economy. East Asia.
The UAE said in March that it would invest $10 billion in the fund, to be spent on projects in Indonesia.
In May, the authority signed an agreement with the Canadian Fund, ABG Asset Management, and the Abu Dhabi Investment Authority, to establish a $3.75 billion investment platform focused on ways that need Passing through them to pay a fee in Indonesia.
