January 21, 2026 | 09:46 am
TEMPO.CO, Jakarta - The Indonesian Investment Management Agency (BPI) Danantara Indonesia aims to triple the total value of its assets under management by 2030, partly through the transformation and consolidation of State-Owned Enterprises (SOEs).
During a panel discussion at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, January 20, 2026, Danantara Indonesia's Managing Director of Global Relations and Governance, Mohamad Al-Arief, revealed that Danantara's total assets currently reach US$900 billion (Rp15.29 quadrillion, exchange rate = Rp16,985 on Tuesday morning).
"In the next five years, we must increase (assets) through value creation and other means, and gradually achieve our goal of tripling that figure by 2030," he said, as broadcast on the Ministry of Investment and Downstreaming's YouTube channel, as reported by Antara.
To achieve this target, he stated that his company plans to consolidate 1,068 state-owned enterprises (SOEs) into 221 business entities within the next 3 to 4 years. Al-Arief stated that currently, the thousands of state-owned companies in Danantara's portfolio are managed by around 50 holding companies across various sectors.
"Perhaps in 3 to 4 years, the 1,068 (companies) will transform into more than 200 professionally managed SOEs to be more competitive in the long term," he said.
He stated that the consolidation process is part of his company's efforts to bring efficiency, professionalism, and global competitiveness to Indonesian SOEs. Al-Arief noted that currently, two SOEs in Danantara's portfolio, Pertamina and PLN, have entered the Fortune 500 list.
He also hopes that this transformation will encourage more Indonesian SOEs to enter this prestigious list. He stated that the consolidation process has already begun, with a fundamental business review of each business line.
"Later, there will be a phase where they will streamline their operations through mergers and consolidations. And then, ultimately, (the consolidated SOEs) can create more added value," said Mohamad Al-Arief.
Previously, Minister of Investment and Downstreaming Rosan Roeslani stated that Indonesia's presence at the 2026 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, was part of the government's consistent strategy of economic diplomacy at the international level to boost the competitiveness of various sectors of the national economy.
Indonesia's participation in the forum, held from January 19 to 22, 2026, involved the Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), Danantara Indonesia, and the Indonesian Chamber of Commerce and Industry (Kadin).
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