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QIA pumps $850m into Indonesia

The Qatar Investment Authority (QIA), which manages around $60bn of assets, is to pump $850m into Indonesia's economy, reported Reuters. The QIA is to form a $1bn firm alongside the South East Asian country's government which will put $150m into the joint venture. The new entity will invest in the oil and gas, mining and power sectors and a Qatari delegation will visit Indonesia within a week.