President Prabowo Subianto is gearing up to unveil Indonesia’s highly anticipated sovereign wealth fund, Daya Anagata Nusantara (Danantara), in a grand ceremony set to take place in Jakarta on Monday, February 24th. The much-anticipated event was officially confirmed by Yusuf Permana, the Deputy for Protocol, Press, and Media of the Presidential Secretariat, in a statement released on Sunday.
The stage is set for President Prabowo to make a significant announcement and formally inaugurate the establishment of Danantara during the upcoming event. Scheduled to take place at the Presidential Palace, the launch of Danantara signifies a pivotal moment in Indonesia’s strategic investment landscape, ushering in a new era of transformation and economic growth.
Yusuf Permana expressed, “The president will unveil Danantara at the Presidential Palace on Monday at 10:00 AM local time,” shedding light on the significance of this milestone. The launch of Danantara not only symbolizes a strategic move towards sustainable and inclusive investment but also underscores the government’s unwavering commitment to realizing Astacita—a visionary plan aimed at bolstering the Indonesian economy.
Setting the stage for the grand unveiling, President Prabowo had previously hinted at his intentions to launch Danantara while addressing global leaders at the World Governments Summit on February 14, 2025. During his impactful speech, he disclosed plans to officiate the sovereign wealth fund on February 24th, a date now etched in the nation’s economic calendar.
Danantara is poised to emerge as Indonesia’s formidable sovereign wealth fund, entrusted with managing assets exceeding a staggering US$900 billion. To kickstart operations, an initial budget of US$20 billion has been earmarked for the agency, highlighting the scale and ambition of this groundbreaking initiative.
President Prabowo emphasized that the funds under Danantara’s purview will be channeled towards financing sustainable and high-impact projects across a spectrum of sectors. These include but are not limited to renewable energy, advanced manufacturing, downstream industries, and food production, underscoring the fund’s multifaceted approach towards fostering economic growth and development.
In a bid to ensure transparency and accountability in the management of Danantara, President Prabowo extended a heartfelt appeal to former presidents and leaders of prominent religious organizations. Speaking at the Gerindra Party’s event on February 15, 2025, he called upon these esteemed figures to lend their expertise and oversight to the fund’s operations, signaling a collaborative effort to safeguard the future prosperity of Danantara.
“Danantara represents the cornerstone of our future endeavors, and it is imperative that we join forces to protect and nurture it collectively. In light of this, I urge all former Presidents to partake in the supervisory role of this fund. Additionally, leaders of religious organizations such as Muhammadiyah, Nahdlatul Ulama (NU), and the Indonesian Bishops’ Conference (KWI) are invited to support us in our oversight efforts,” President Prabowo affirmed, emphasizing the pivotal role of collective stewardship in ensuring the fund’s integrity and success.
As anticipation mounts ahead of the official launch of Danantara, all eyes are on Jakarta, where a groundbreaking chapter in Indonesia’s economic landscape is set to unfold on February 24th. With a clear vision, strategic foresight, and unwavering commitment to sustainable growth, President Prabowo Subianto’s initiative is poised to chart a transformative course for the nation’s economic trajectory. Through Danantara, Indonesia is poised to carve a path towards prosperity, innovation, and inclusive development, setting the stage for a brighter future for generations to come.
