UAE to invest $10bn with Indonesia sovereign wealth fund

DUBAI: The UAE said it will invest $10 billion with Indonesia’s sovereign wealth fund as the two countries strengthen commercial ties.
The focus will be on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism, agriculture, and other growth sectors, UAE state news agency WAM reported.
The Indonesia Investment Authority wants to implement strategic projects that support national development, including the development of infrastructure and the construction of the new capital in Kalimantan.