Indonesia welcomed the UAE’s commitment to invest $10 billion in its recently launched sovereign wealth fund, which a senior official said made the emirates the “largest major investor” in the initiative.
“With this investment, so far the UAE has become the largest major investor in the Indonesia Investment Authority (INA),” Husin Bagis, Indonesia’s ambassador to the UAE, told Arab News.
The UAE helped Indonesia establish the INA through its Abu Dhabi Investment Authority (AIDA) in February this year, with the AIDA serving as one of its advisers.
source/content: arabnews.com
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ABU DHABI, UNITED ARAB EMIRATES (U.A.E.)