Indonesia’s INA ramps up digital infra investments after record FDI

Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA), is ramping up investment in digital infrastructure, which is one of its six core focus sectors. One of its key moves is a partnership with DayOne Data Center to build a data centre campus at Nongsa Digital Park on Batam Island. DayOne is a Singapore-based data centre operator spun off from China’s GDS Holdings Ltd in January. GDS retains a 35.6% stake in the company.

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“We began working with them in late 2023. By then, one of the three buildings in our Batam project had already been completed,” says Johan Batubara, INA’s Director of Investments, in a recent conversation with The Tech Capital.