Jakarta, Feb. 20 -- The United Arab Emirates (UAE) announced its intent to invest USD10 billion in Indonesia's sovereign wealth fund, Daya Anagata Nusantara (Danantara), as confirmed by National Economic Council (DEN) Head Luhut Binsar Pandjaitan.

Pandjaitan stated that the UAE energy and infrastructure minister, Suhail Mohamed Al-Mazroui, personally communicated this commitment, suggesting a joint venture scheme to develop a renewable energy power plant with a capacity of 10 gigawatts.

"He said, okay, let us do a joint venture (to develop) 10 gigawatt (energy power plant), which translates to USD10 billion," the DEN head stated here on Thursday.

He emphasized that the formation of Danantara exemplifies President Prabowo Subianto's str...