Indonesia Investment Authority (INA), the sovereign wealth fund, and Dubai-based DP World, a port operator, have signed a memorandum of understanding (MoU) to develop seaports in the country. Under the agreement, INA and DP World will form a consortium to explore long-term investment opportunities across Indonesia. This partnership is expected to generate an economic value of more than USD7.5 billion. The consortium will also partner with state port operator PT Pelabuhan Indonesia to boost construction and upgradation of current ports.
In February 2021, INA announced plans to invest in priority projects such as the development of toll roads, airports and seaports to improve access to less-developed regions in Indonesia.