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Indonesia and the Qatar Investment Authority (QIA) have agreed to establish a US$4 billion joint investment fund as a direct result of President Prabowo Subianto’s recent visit to Qatar.
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, says that Indonesia’s electric vehicle (EV) battery ecosystem project will continue with a new partner following the decision by South Korea’s LG Energy Solution to partially withdraw its US$9.8 billion investment in the project.
In a historic move to enhance bilateral relations, Indonesia and China held their first-ever 2+2 Dialog in Beijin on Monday, April 21, 2025, involving foreign and defense ministers of both nations.
The government has affirmed its commitment to maintaining balanced trade relations with all international partners, including the United States and China.
