Indonesia is set to launch its new state-owned superholding, Danantara, next month. Deputy Minister of State-Owned Enterprises (BUMN) Kartika Wirjoatmodjo confirmed that the government is waiting for the finalization of the new BUMN Law, which is expected to be signed by President Prabowo Subianto soon.

"Under this new BUMN Law, we will develop our superholding, Danantara," said Wirjoatmodjo at the Mandiri Investment Forum (MIF) 2025 on February 11, 2025.

Danantara is designed to serve as a superholding entity that will attract investments into Indonesia. The Ministry of BUMN is currently working on finalizing the organizational structure, with details expected to be announced within a month.

"Please be patient for a month as we finalize the organizational details. We hope to officially launch this entity within the next month," he added.

The revised BUMN Law, which includes provisions for Danantara, was officially passed in a parliamentary session on February 4, 2025. According to the legislative document, Danantara will act as the investment management body overseeing state-owned assets.

The new law outlines that Danantara’s governing structure will include a supervisory board and an executive body. Initially, Danantara was planned to manage seven major state-owned enterprises (SOEs). However, Deputy Speaker of the House of Representatives, Sufmi Dasco Ahmad, stated that the superholding will ultimately be responsible for managing and optimizing all state-owned assets and investments.

Danantara’s establishment is expected to play a significant role in Indonesia’s economic strategy, consolidating key SOEs under a single entity to improve efficiency, attract foreign investment, and optimize national assets. The upcoming launch will be a critical development in the government’s ongoing efforts to reform and strengthen the state-owned enterprise sector.