Qatar launches $1bn Indonesia fund

12 May 2010

Qatar's sovereign wealth fund, Qatar Holding, has set up a $1bn Indonesian fund to invest in infrastructure and natural resources, Reuters has reported. Qatar and Indonesia had planned to set up a jointly owned fund with Qatar holding an 85% stake, but Qatar eventually opted for a wholly owned fund, according to Hilmi Gasim, an assistant to Alwi Shihab, the President Susilo Bambang Yudhoyono's special envoy for the Middle East.

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