The government will complete regulations related to sovereign wealth funds with the United Arab Emirates (UAE), Japan’s Softbank and International Development Finance Corporation (IDFC) next month. Coordinating minister for maritime and investment affairs Luhut Binsar Pandjaitan said next month the Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed (MBZ), Softbank’s Masayoshi Son and Adam Bohler of IDFC will meet again for SWF finalization talks with Indonesian state-owned enterprises minister as a leader.

The SWF to shortly be established by Indonesia and UAE can be utilized for infrastructure development, including those in Indonesia’s new planned capital, Pandjaitan said. The two sides have agreed for US$22.89 billion projects, with UAE participation in it is 33% valued at US$6.8 billion.