Indonesia’s sovereign wealth fund INA targets data centres and AI in healthcare
Chief investment officer Christopher Ganis emphasised that INA will keep its investment priorities tied to Indonesia instead of allocating capital to unrelated overseas projects.
The Indonesia Investment Authority (INA), the country’s sovereign wealth fund, is sharpening its focus on digital infrastructure, healthcare and renewable energy as it seeks to attract foreign partners and strengthen national development.
The fund, created in 2021 with $5 billion in state capital, now manages assets worth around $10 billion and is expanding its scope beyond equity into hybrid capital and private credit.
Chief investment officer Christopher Ganis said data centres and supporting infrastructure, such as sub-sea cables, were key priorities as the government emphasises data independence and resilience.
INA has already teamed up with Singapore-based Granite Asia to invest over $1.2 billion in Indonesia’s technology and AI ecosystem, including a new data centre campus in Batam. Ganis added that AI would be applied first in healthcare instead of rushing into broader adoption.
Renewables also remain central to INA’s strategy, with its partnership alongside Abu Dhabi’s Masdar Clean Energy in Pertamina Geothermal Energy cited as a strong performer.
Ganis said Asia’s reliance on bank financing highlights the need for INA’s support in cross-border growth, since domestic banks cannot always facilitate overseas expansion.
Despite growing global ambitions, INA will prioritise projects directly linked to Indonesia. Ganis stressed that it must deliver benefits at home instead of directing capital into ventures without a clear link to the country’s future.
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