Jakarta, April 15 -- Sovereign wealth fund Danantara Indonesia and the Qatar Investment Authority (QIA) will jointly manage a US$4 billion fund to invest in projects aimed at accelerating Indonesia's economic development.

Indonesia and Qatar will each contribute US$2 billion to the fund, which will focus on investments in downstream industries, healthcare, renewable energy, technology, and other strategic sectors.

Danantara CEO Rosan Roeslani expressed the fund's readiness to oversee the implementation of investments and welcomed the trust shown by the Qatari government.

"Danantara Indonesia is ready to carry out this mandate by implementing prudent, transparent, and results-oriented investment governance. Our focus is to ensure that e...