Grab to invest US$2b in Indonesia over a period of 5 years

Singapore

GRAB commits to investing US$2 billion in Indonesia over a period of five years, with capital invested through Japanese conglomerate Softbank to speed up Indonesia's development of digital infrastructure.

Following a meeting between Indonesia's President Joko Widodo, Masayoshi Son, chairman and chief executive officer of SoftBank Group, Anthony Tan, chief executive of Grab and Ridzki Kramadibrata, president of Grab Indonesia in Jakarta, the investment looks to form a next-generation transportation network for cities.