KIND

KIND Signs MOU with Indonesia’s Sovereign Wealth Fund Danantara
to Strengthen Cooperation in Infrastructure and Urban Development

Establishing a strategic partnership with a key economic engine of the Prabowo administration

Laying the foundation for comprehensive infrastructure cooperation, including energy transition and joint expansion into third-country markets

Korea Overseas Infrastructure & Urban Development Corporation (KIND, CEO Kim Bokhwan) announced that, on April 1, it signed a Memorandum of Understanding (MOU) with Danantara, Indonesia’s sovereign wealth fund driving the country’s next phase of economic growth, to promote cooperation in infrastructure and urban development projects in Indonesia and neighboring regions. The agreement was concluded in conjunction with the state visit to Korea by Indonesian President Prabowo Subianto.

The partnership is particularly significant as Danantara, established shortly after President Prabowo’s inauguration, selected KIND — Korea’s public institution specializing in investment and development — as a strategic partner. Managing approximately USD 900 billion in assets and overseeing major state-owned enterprises, Danantara is widely regarded as a key economic engine expected to reshape Indonesia’s future industrial landscape.

Under the agreement, the two organizations agreed to pursue practical cooperation across a broad range of sectors, including traditional transport infrastructure such as roads, railways, and airports; environmental facilities such as waste and wastewater treatment; renewable energy generation and transmission; and urban and real estate development projects, including data centers. The scope of cooperation will extend beyond Indonesia to neighboring ASEAN countries such as Malaysia and Singapore, as well as third-country markets including Saudi Arabia.

Danantara will provide information on promising projects, while KIND will recommend qualified Korean companies and jointly review investment opportunities with Danantara. KIND is currently advancing the Jakarta data center development project and reviewing various additional opportunities in Indonesia. The new partnership is expected to accelerate the identification and development of new projects.

KIND CEO Kim Bokhwan emphasized that, as Danantara serves as a central pillar of Indonesia’s economic growth, the partnership represents an optimal opportunity to combine KIND’s investment expertise with the world-class technological capabilities of Korean companies. He added that KIND will continue to actively support Korean companies in securing greater opportunities not only in Indonesia but also across ASEAN and the global infrastructure market through this cooperation.