Media Release
27 June 2024
Indonesia Investment Authority (INA) and the Australian Embassy in Indonesia signed a Memorandum of Understanding (MoU) to support Australian investment into Indonesia.
Witnessed by Australia’s Special Envoy for Southeast Asia, Nicholas Moore AO, Australia’s Business Champion for Indonesia, Professor Jennifer Westacott AO, and INA Executive Board Members, the MoU was signed by Ridha Wirakusumah, CEO of INA, and Australian Ambassador to Indonesia, Penny Williams PSM.
“This MoU represents a key advancement in attracting and fostering Australian investment in Indonesia. Through this collaboration, we can catalyze significant Australian investment in key sectors vital to Indonesia's growth and development, enhance our economic ties, and deliver substantial benefits for both our countries,” said Ridha Wirakusumah, CEO of INA.
“We are growing our strategic economic engagement with Indonesia, one of our closest partners. The Australian Embassy Jakarta Investment Deal Team will work with INA to connect Indonesian projects to Australian investors, creating business opportunities and jobs for both countries,” said Ambassador Williams.
This partnership builds on Invested: Australia's Southeast Asia Economic Strategy to 2040, announced by Prime Minister Anthony Albanese in Jakarta on September 2023, which aims to increase Australian investment into Indonesia, including through the new Australian Embassy Jakarta Investment Deal Team.
The Australian Embassy Jakarta Investment Deal Team blends private sector, government, and financing services to support outward investment from Australia to Indonesia. The team will work with INA to identify assets and appropriate structuring, so that opportunities are investor-ready for Australian participants.
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About Indonesia Investment Authority (INA)
Indonesia Investment Authority is Indonesia’s sovereign wealth fund mandated to increase investment to support the country’s sustainable development and build wealth for its future generations. INA conducts investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia’s advantages and provide optimal risk-adjusted returns. For more information, visit: www.ina.go.id.
Media Contacts
Indonesia Investment Authority (INA)
Putri Dianita Ruswaldi, [email protected]
Australian Embassy in Indonesia
[email protected]
Photos: https://flic.kr/s/aHBqjBxcSW