JAKARTA, RAKYAT NEWS – Indonesia’s new investment body, Danantara, will be officially launched on November 7, 2024. Muliaman Darmansyah Hadad, head of the Investment Management Agency (BP Investasi Daya Anagata Nusantara), confirmed the launch date following a meeting with President Prabowo Subianto at the Presidential Palace in Jakarta. The event is set to take place at Danantara’s office on Soeroso Street, Jakarta.

Muliaman shared that President Prabowo Subianto will personally attend and officiate the launch. This high-level participation underscores the importance of Danantara in advancing Indonesia’s economic agenda and improving its investment climate. The agency is expected to streamline investment management and attract both domestic and international capital to foster the country’s development.

The creation of Danantara aligns with the government’s broader goals of boosting economic growth, improving infrastructure, and increasing investor confidence in Indonesia. According to Muliaman, the agency will play a critical role in managing investment flows, focusing on key sectors such as infrastructure, technology, and manufacturing.

Kaharuddin Djenod Daeng Manyambeang, the Deputy Head of Danantara, stated that the body has received significant guidance from President Prabowo. During their meeting at the Presidential Palace, the President outlined strategic directions for Danantara, emphasizing efficiency and alignment with national economic policies. The President’s vision for the agency includes enhancing transparency and facilitating smoother investment processes.

As part of its preparations, Danantara is also reviewing existing regulations and policies. Djenod indicated that some government rules would need to be revised to ensure they align with the agency’s mission of fostering a more efficient and attractive investment environment. These regulatory updates will help to streamline processes for both domestic businesses and foreign investors.

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