GIC, Mega Manunggal to invest S$1b in Indonesian warehouses

GIC, Mega Manunggal to invest S$1b in Indonesian warehouses

A worker loads copper cathodes into a warehouse. REUTERS/Carlos Barria/File Photo

Singapore’s sovereign wealth fund GIC Pte and Indonesian warehouse provider PT Mega Manunggal Property Tbk are spending a total of S$1 billion ($720 million) over the next three years on warehouses in Southeast Asia’s biggest economy.

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