As part of efforts to strengthen international economic partnerships, Indonesian President Prabowo Subianto announced that Qatar will invest $2 billion in Indonesia’s new sovereign wealth fund (SWF). This investment aims to drive economic growth in Indonesia and deepen economic ties between the two countries. The announcement reflects Qatar’s commitment to diversifying its economy and expanding global investments, in line with the Qatar National Vision 2030, which emphasizes international partnerships.
Through the Qatar Investment Authority (QIA), which manages assets exceeding $400 billion, Qatar is among the world’s largest investors. In recent years, Qatar has focused on emerging markets, particularly in Asia, to diversify revenue sources beyond oil and gas. Indonesia, the world’s fourth most populous country, offers a promising market for foreign investment. The investment was announced during an economic event in Jakarta, where President Subianto underscored the importance of the partnership with Qatar.
Qatar-Indonesia relations have seen steady growth, particularly in energy, education, and trade, with bilateral trade reaching $1.5 billion in 2024 and ambitions to increase this through new investments.
The $2 billion investment will support Indonesia’s SWF, which funds projects in infrastructure, technology, and renewable energy. Planned initiatives include:
Infrastructure development: Financing road and port projects to improve logistical connectivity.
Renewable energy: Supporting solar and green hydrogen projects aligned with sustainability goals.
Technology and innovation: Investing in tech startups to bolster the digital economy.
A joint commission will oversee implementation, prioritizing transparency and efficiency. Qatar has also pledged technical expertise to support the projects.
The investment is expected to create thousands of jobs in Indonesia and stimulate economic growth. For Qatar, it reinforces its position as a key economic partner in Asia and supports its economic diversification. Regionally, it could strengthen cooperation between Gulf states and ASEAN.
Amid global competition for foreign investment, particularly given inflation and geopolitical tensions, this investment underscores Qatar’s strategic focus on promising markets.
President Subianto stated, “The partnership with Qatar will be a growth engine for Indonesia.” Qatari sources highlighted their “commitment to global development.” Economic expert Dr. Hassan Al-Khalifi commented, “This investment solidifies Qatar’s role as a global economic power and opens new cooperation opportunities with Asia.”
