President Prabowo Subianto of Indonesia has officially launched the Daya Anagata Nusantara (Danantara) Investment Agency, marking a pivotal moment for the governance of Indonesia's economic management. On February 24, 2025, the President signed several significant documents including the Presidential Decree concerning the organizational structure and operational governance of Danantara at the Presidential Palace.
During the signing ceremony, Prabowo announced, "I also signed Presidential Decree Number 30 of 2025 on the appointment of the Supervisory Board and Executive Body of the Daya Anagata Nusantara Investment Agency." This establishment is poised to revolutionize how state resources and assets are managed, emphasizing sustainability and long-term growth.
Alongside the decree, President Prabowo endorsed Law Number 1 of 2025, which amends the Law on State-Owned Enterprises, originally enacted in 2003. This legislation and the associated governance framework will oversee Danantara, which aims to bolster the country's investment strategies.
Prabowo explained the agency's vision, highlighting its intent to manage over $900 billion (approximately IDR 14,000 trillion) worth of assets. He stated, "We are preparing to launch Danantara Indonesia, our latest sovereign wealth fund, which we anticipate will manage over $900 billion of assets under management (AUM)." The agency is also tasked with investing natural resources and state assets to support impactful projects across various sectors including renewable energy, advanced manufacturing, food production, and more.
Significantly, the ambitious initiative involves consolidations of the Indonesia Investment Authority (INA) and seven major state-owned enterprises (SOEs). These include Bank Mandiri, Bank BRI, PLN, Pertamina, Bank Negara Indonesia, Telkom Indonesia, and MIND ID. At this early stage, these companies will act as the backbone for Danantara's operations.
Regarding the monetary commitments of Danantara, the initial funding for this investment body is projected to be around $20 billion. Prabowo expressed optimism, stating, "I believe this will be transformative. We plan to initiate about 15 to 20 billion-dollar projects, which will create significant value for our country." These projects are aimed to contribute to Indonesia's target economic growth of 8%.
The launch of Danantara is also seen as part of Indonesia’s broader initiative, outlined during the World Government Summit 2025 held virtually from Dubai, UAE. Prabowo had previously discussed the agency's future potential and operational capabilities at this forum, emphasizing its role as a significant player on the global investment stage.
The formal establishment of Danantara signals Indonesia's commitment to advancing its economic framework and innovation aimed at elevatory investments. Danantara also has been crafted to support the country's broader vision for national economic enhancement known as Asta Cita, aiming to take Indonesia's economy to new heights.
With the passage of time, the expectation is for Danantara to not only streamline Indonesia's investment frameworks but also to bridge gaps between state assets and flourishing sectors, thereby fostering sustainable development.
Looking forward, Indonesia is positioning Danantara as more than just another investment body; it aims to set new standards for economic governance and investment management, potentially reshaping the economic prospects for the nation. By being at the helm of significant capital, Danantara is anticipated to influence sectoral advances leading to pervasive socio-economic benefits.