Newly Launched Danantara Investment Expected to IKN Development
- M Yudha P / VIVA.co.id
Jakarta, VIVA – The Head of the Nusantara Capital Authority (OIKN), Basuki Hadimuljono, welcomed the official launch of the Danantara Investment Management Agency.
The fund is expected to play a significant role in the development of Indonesia’s new capital city (IKN) in East Kalimantan.
"From what I’ve read, Danantara is designed to invest dividends from various assets. I hope that some of these funds can be allocated for IKN’s development," Hadimuljono said on Monday (Feb 24).
He expressed optimism that Danantara’s programs would contribute to advancing IKN’s infrastructure and economic progress.
"Hopefully, IKN will also benefit from Danantara’s initiatives. That’s my hope," he added.
Kepala Otorita Ibu Kota Nusantara (IKN) Basuki Hadimuljono
- VIVA.co.id/M Ali Wafa
Earlier, President Prabowo Subianto signed several key regulations to formalize Danantara’s operations:
1. Presidential Decree (Keppres) No. 30 of 2025, appointing the Supervisory Board and Executive Body of Danantara.
2. Law No. 1 of 2025, the third amendment to Law No. 19 of 2003 on State-Owned Enterprises (BUMN).
3. Government Regulation (PP) No. 10 of 2025, outlining Danantara’s organizational structure and governance framework.
President Prabowo emphasized that the funds managed by Danantara would be used to finance high-impact and sustainable projects across various sectors, including renewable energy, advanced manufacturing, downstream industry, and food production.
Danantara’s structure will include a Supervisory Board and an Advisory Board, with members directly appointed by the President.
