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View all search resultsDanantara breaks ground on $7b downstream industry projects
The projects, launched simultaneously across 13 regions on Friday, are fully funded from Danantara’s internal resources and are expected to create about 6,000 direct jobs, the fund said in a statement.
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Investment and Downstream Minister and Danantara CEO Rosan Roeslani delivers a press statement at the State Palace complex in Central Jakarta on Dec. 17, 2025, on the progress of the Indonesian haj village development in Saudi Arabia. (Antara/Cahya Sari)
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tate asset fund Danantara has begun construction of six downstream industrial projects worth a combined US$7 billion, marking the first phase of a broader, multi-stage investment program aimed at strengthening domestic processing industries.
The projects, launched simultaneously across 13 regions on Friday, are fully funded from Danantara’s internal resources and are expected to create about 6,000 direct jobs, the fund said in a statement.
Investment and Downstream Minister Rosan Roeslani, the CEO of Danantara, said that the first-phase projects span the minerals, renewable energy and food sectors, supporting the government’s push to shift economic growth away from raw commodity exports toward higher-value industrial processing.
Minerals account for the largest share of the initial investment, with about $3 billion allocated to an integrated aluminum smelter project covering the full value chain from bauxite processing into alumina and aluminum.
State-owned mining holding company PT Mineral Industri Indonesia, known as MIND ID, together with its subsidiaries PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), inaugurated construction of a bauxite-alumina-aluminum processing complex in Mempawah, West Kalimantan.
The complex comprises a new aluminum smelter with an annual capacity of 600,000 tonnes and a Phase II smelter grade alumina refinery (SGAR) with a capacity of 1 million tonnes per year.
Total investment for the Mempawah project amounts to Rp 87.7 trillion ($5.6 billion), including Rp 14.8 trillion for the SGAR Phase II, Rp 40.6 trillion for the aluminum smelter and Rp 32.3 trillion for power generation facilities, according to MIND ID data.
