Davos 2023 Investcorp targets Indonesia to expand Southeast Asia footprint | Reuters
Bahrain-based Investcorp is working on multiple initiatives in Indonesia, including one in partnership with the nation's sovereign wealth fund as it seeks to expand its footprint in Southeast Asia, the firm's co-chief executive officer said on Monday.
"We have two terrific initiatives in Indonesia right now, and hopefully, a third very soon in partnership with the local sovereign wealth fund," Hazem Ben-Gacem told the Reuters Global Markets Forum on the sidelines of the World Economic Forum (WEF)annual meeting in Davos.
The first is Indian dialysis service provider NephroPlus that is set to expand into Indonesia, and the second is a recently acquired leading local specialty retailer, he said.
The country's natural resources mean it stands to benefit from higher inflation and rising commodity prices, said Ben-Gacem, whose firm managed $50 billion in assets as of December 2022.
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