Prabowo Introduces DDMF, Outlines Objectives for Sovereign Wealth Fund

President Prabowo Subianto has stated that the Danantara Development Management Fund (DDMF) is Indonesia’s sovereign wealth fund and must become an instrument for long-term strategic development. He explained that the DDMF is an instrument to prepare, develop, and finance long-term strategic projects that are important for Indonesia. The institution was created to finance projects that cannot yet be funded by short-term commercial investment and which must be avoided from being financed by the state budget (APBN). According to him, the sovereign wealth fund will be invested in a disciplined and professional manner, for example in a national car project that will be mass-produced at the end of 2028. Facilities have already been built in the Subang area, and a national motorcycle project has also been launched with an ecosystem already in operation, involving two large private companies and two state-owned enterprises that have begun producing electric motorcycles. In addition, a Giant Sea Wall must be built to secure the north coast of Java. He stressed that this is an absolute necessity and that the country should not wait for a disaster to occur, citing the Netherlands as an example where long-term protective infrastructure now safeguards millions of citizens and stands as a symbol of national technological capability.