$2.3B Indonesia-Russia investment platform to be launched by Danantara Indonesia and RDIF
With up to €2 billion ($2.3 billion) in funding, Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia) and the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, will establish the Russia-Indonesia Investment Platform (RIDNIP) to carry out investments in Indonesia and Russia and foster economic cooperation between the two nations.
Danantara Indonesia and RDIF will concentrate on investments in promising Russian and Indonesian businesses in strategic industries with the goal of expanding trade, economic cooperation, and technology between Russia and Indonesia, the two parties said in a statement last Thursday.
As a strategic platform for bilateral technology transfer, RIDNIP will allow Russia and Indonesia to share advanced solutions, applied research, and industrial know-how.
The platform seeks to accelerate industrial upgrading, support the growth of competitive innovation ecosystems, and deepen technological self-reliance in vital sectors like advanced manufacturing, infrastructure, energy, and food security by encouraging mutual innovation and capability-building.
“This partnership with the Russian Direct Investment Fund marks a pivotal step in advancing Danantara Indonesia’s strategy to mobilize capital for Indonesia’s long-term national priorities,
“Through the Russia-Indonesia Direct Investment Platform (RIDNIP), we aim to channel cross-border investment into strategic sectors that enhance economic resilience, drive industrial transformation, and unlock sustainable, long-term growth across both our economies,” said Rosan Perkasa Roeslani, Chief Executive Officer of Danantara Indonesia.
“We see this as a platform for enduring value creation that aligns with the vision of cooperation, diversification, and mutual development,” he added.
Russia and Indonesia have strong and long-standing ties, according to Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF).
“The agreement between RDIF and Danantara Indonesia marks a pivotal step toward expanding mutual investment, reflecting the significant potential for joint projects across energy, infrastructure, agriculture, and other strategic sectors,
“It also highlights a shared commitment to technological advancement, fostering innovation-driven growth and enhancing competitiveness of the two economies on the global stage,” he added.
The Indonesian government owns Danantara Indonesia, a legal entity in Indonesia.
Enhancing and optimizing investments and operations of state-owned enterprises (SOEs) and other funding sources is the institution’s mandate.
Danantara Indonesia converts national resources into sustainable economic power through a dedication to inclusive impact, best governance practices, and international collaborations.
Russia’s sovereign wealth fund, RDIF, was founded in 2011 with the goal of collaborating with respectable foreign financial and strategic investors to make equity co-investments, mostly in Russia.
Direct investment in the Russian economy is stimulated by RDIF.
Presently, RDIF has successfully collaborated on over 100 projects with international partners, bringing its total value to over RUB 2.3 trillion.
