Danantara Indonesia (a government-run investment agency) and Russia’s Direct Investment Fund (RDIF) are working together to create a new joint investment platform called the Russia-Indonesia Investment Platform (RIDNIP).
This platform will manage up to €2 billion (around $2.3 billion) to fund projects and businesses in both Indonesia and Russia. The goal is to strengthen economic ties and cooperation between the two countries.
According to their joint statement last Thursday, RIDNIP will focus on investing in key industries and promising companies in both nations. The plan is to boost technology development, trade, and economic growth for Indonesia and Russia through these investments.
RIDNIP will act as a key platform for sharing technology and knowledge between Russia and Indonesia. It will help both countries exchange ideas, research, and advanced solutions in industries that matter most.
By encouraging joint innovation and skill-building, RIDNIP aims to help both countries modernize their industries, build stronger innovation systems, and become more self-sufficient in important areas like infrastructure, energy, high-tech manufacturing, and food security.
“This partnership with the Russian Direct Investment Fund marks a pivotal step in advancing Danantara Indonesia’s strategy to mobilize capital for Indonesia’s long-term national priorities,
“Through the Russia-Indonesia Direct Investment Platform (RIDNIP), we aim to channel cross-border investment into strategic sectors that enhance economic resilience, drive industrial transformation, and unlock sustainable, long-term growth across both our economies,” said Rosan Perkasa Roeslani, Chief Executive Officer of Danantara Indonesia.
“We see this as a platform for enduring value creation that aligns with the vision of cooperation, diversification, and mutual development,” he added.
Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), said that Russia and Indonesia have had a strong and close relationship for a long time.
“The agreement between RDIF and Danantara Indonesia marks a pivotal step toward expanding mutual investment, reflecting the significant potential for joint projects across energy, infrastructure, agriculture, and other strategic sectors,
“It also highlights a shared commitment to technological advancement, fostering innovation-driven growth and enhancing the competitiveness of the two economies on the global stage,” he added.
Danantara Indonesia is a government-owned organization in Indonesia. Its main job is to help grow and improve investments, especially those related to state-owned companies and other sources of funding.
Danantara focuses on good governance, positive social impact, and partnerships with global players. It aims to turn Indonesia’s national assets into long-term economic strength.
RDIF (Russian Direct Investment Fund) is Russia’s sovereign wealth fund, created in 2011. It invests mainly in Russia by working together with well-known international investors.
RDIF helps bring more direct investment into the Russian economy. So far, it has successfully worked with foreign partners on over 100 projects, with a total value of more than RUB 2.3 trillion.
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