Grab commits $700m to SEA’s largest economy to battle Go-Jek

Grab, a ride-hailing platform with significant market share in Southeast Asia, today launched its ‘Grab 4 Indonesia’ 2020 master plan, endorsed by Badan Koordinasi Penanaman Modal (BKPM), the Government of Indonesia’s Investment Coordinating Board.

Under the plan, Grab will invest $700 million in Indonesia over the next four years to support the nation’s goal of becoming Southeast Asia’s largest digital economy by 2020.

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