The Russian Direct Investment Fund (RDIF) and Indonesia’s state-owned investment body, Danantara Indonesia, have launched a joint Russia-Indonesia Investment Platform (RIDNIP) with up to €2 billion in committed capital to accelerate strategic investments and deepen economic ties between the two countries.
The agreement was signed during the Saint Petersburg International Economic Forum by RDIF CEO Kirill Dmitriev and Danantara Indonesia CEO Rosan Perkasa Roeslani, in the presence of Russian President Vladimir Putin and Indonesian President Prabowo Subianto.
RIDNIP aims to finance projects in infrastructure, energy, manufacturing, agriculture, and food security, among others, with a strong emphasis on technology transfer and innovation.
The platform will facilitate bilateral industrial collaboration and bolster national capabilities in critical sectors.
“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,” said Roeslani. “We see this as a platform for enduring value creation that aligns with the vision of cooperation, diversification, and mutual development.”
Dmitriev said the new initiative builds on the “long-standing and close ties” between Russia and Indonesia.
“This agreement reflects the significant potential for joint projects across strategic sectors and highlights our shared commitment to innovation-driven growth,” he added.
The launch of RIDNIP comes as both countries look to expand south-south cooperation and strengthen economic resilience through diversified global partnerships.
RDIF, Russia’s sovereign wealth fund, was established in 2011 and has since co-invested over RUB 2.3 trillion across more than 100 projects with foreign partners.
Danantara Indonesia, a newly established entity under Indonesian law, is tasked with optimizing investments tied to state-owned enterprises and strategic national assets.
Business News Asia