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Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, has set up a $1 billion Indonesian fund to invest in infrastructure and natural resources in Southeast Asia’s biggest economy, officials said on Monday.

The new investment fund is a sign of increasing interest in Indonesia among Middle East and other international investors thanks to the country’s abundant resources and desperate need for financing for infrastructure projects ranging from power plants to roads, railways, and bridges.

Qatar’s existing interests in Indonesia include Qatar Telecommunication Co.’s 65 percent stake in Indonesia’s second-biggest telecom company, PT Indosat.

Gita Wirjawan, head of Indonesia’s investment coordinating board, said that the local investment vehicle, PT Qatar Holding Indonesia, was set up a few days ago.


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