President Prabowo Subianto, along with former President Joko Widodo and President Susilo Bambang Yudhoyono, officially launched Danantara at the Merdeka Palace in Central Jakarta on Monday, February 24, 2025. The head of the Capital City Authority (OIKN), Basuki Hadimuljono, expressed hopes that the newly established Investment Management Agency of Nusantara’s Energy Resources (Danantara) would support the development of the Nusantara Capital City (IKN) in East Kalimantan. During a press conference in Jakarta on the same day, Basuki highlighted the importance of utilizing dividends to contribute to the IKN project.
Basuki emphasized the potential benefits of Danantara’s programs for IKN in East Kalimantan, indicating a positive outlook for future collaborations. President Prabowo Subianto signed Presidential Decree No. 30 of 2025 appointing the Supervisory Board and Executive Agency of the Danantara Investment Management Agency. Additionally, he signed Law No. 1 of 2025 amending the Law No. 19 of 2003 on State-Owned Enterprises (BUMN). Furthermore, the President signed Government Regulation No. 10 of 2025 concerning the Organization and Governance of the Nusantara Energy Resources Investment Management Agency (Danantara).
Danantara, set to become Indonesia’s sovereign wealth fund, is expected to manage assets worth over 900 billion US dollars, with an initial funding projection of 20 billion US dollars. President Prabowo stated that the funds under Danantara’s management would finance sustainable and high-impact projects in various sectors, including renewable energy, advanced manufacturing, downstream industries, and food production. The fund’s structure includes a supervisory board and advisory council appointed directly by the President. The launch of Danantara signifies a new era in the strategic investment management transformation of the country.
This initiative underscores the government’s commitment to realizing Astacita, a grand vision aimed at elevating Indonesia’s economy through sustainable and inclusive investments. The establishment of Danantara reflects a pivotal step towards achieving economic prosperity and fostering growth on a national scale.
