Danantara to Step Up Middle East, Energy Security Investments

Indonesian sovereign wealth fund Danantara plans to double down on investments in the Middle East in spite of the war in Iran, and also plans to allocate more money this year to energy security, Chief Investment Officer Pandu Sjahrir said on Wednesday.

“We will continue to invest in the Middle East, especially in Mecca — because really, it’s amazing they’ve opened up Saudi for us to invest in,” Pandu said in an interview with Bloomberg TV on the sidelines of a conference in Hong Kong. “So we are doubling down that effort. Because I think in the long term, Mecca will always be Mecca, it will always be a very good investment.”