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Indonesia’s INA aims to make up for delayed investments in H2, says CIO
July 28, 2025

Indonesia’s INA aims to make up for delayed investments in H2, says CIO

Indonesia Investment Authority (INA), Indonesia’s IDR144 trillion (USD8.9 billion) sovereign wealth fund, aims to close a substantial number of investments in the second half of 2025, making up for several projects delayed earlier in the year due to global instabilities.

“In the first half of this year, a few projects progressed at a more measured pace in the light of evolving global macroeconomic and geopolitical conditions; this is not unusual in long-horizon investing. Our partners, many of whom are institutional investors with multi-decade outlooks, understand these cycles and remain confident in Indonesia’s long-term fundamentals,” said Andry Setiawan, Chief Investment Officer of INA, in an exclusive interview with DealStreetAsia.

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INA in the News

Indonesia pursues blood plasma domestic production

The government continues to encourage the resilience of the domestic pharmaceutical sector through plasma fractionation, namely the use of blood plasma to produce medicinal products. So far, the need for plasma fractionation is still completely dependent on imports. To overcome this, the Indonesia Investment Authority (INA) signed a Term Sheet between Indonesia, as a state-owned body that manages investment funds with SK Plasma.

INA and CEXIM to Joint Forces in Various Sectors

INA and The Export-Import Bank of China (CEXIM) have signed a Co-operation Framework Agreement for investment in various sectors, including infrastructure, energy, and information and communications. Both parties are committed to channelling funding in a way that not only ensures optimal returns with measurable risks, but also encourages sustainable economic development and collaboration.

No Single Strategy for ASEAN Investors

Over the past decade ASEAN has emerged as a global standout in attracting foreign direct investment. Its consistent economic growth, favourable demographics and strategic location have made it attractive for investors. Alongside these regional benefits, each member country continues to present its own unique blend of opportunities and challenges.

INA Partners with GDS to Create Data Center Campus in Batam

INA and GDS announced a partnership to develop and expand the data centre landscape in Indonesia. The two entities recognise Indonesia's potential as an emerging data centre market and share a vision that data centres will play a pivotal role in Indonesia's digital transformation.

SWF Indonesia Has Disbursed IDR 45.7 T in Funds

During its first 2.5 years of operation, INA has invested in a range of projects in the country, disbursing i US$ 3 billion, or the equivalent of IDR 45.73 trillion, in investment value. These investments cover various sectors, including digital infrastructure, infrastructure and logistics, digitalization, healthcare, and clean energy.

Aims for Health & Port Services, INA Investment Projection in 2023 IDR 20 T

INA forecasts that investment funds that can be realized throughout 2023 will reach IDR 20 trillion. This figure exceeds the target set in 2023 of IDR 15.5 trillion by 129 percent. CEO of INA, Ridha Wirakusumah, expects at least two investment agreements – with companies in the healthcare and ports sectors - to be realized by the end of 2023.