IDC will maximize the value of Government assets by establishing a sovereign wealth fund (SWF) which will focus on stimulating industries in: agriculture, fisheries, livestock and forestry value chains, manufacturing, infrastructure, energy, financial services, tourism, ICT, logistics, education, medical, real estate and mining.
The investment approach will entail three approaches:
- IDC playing a catalytic role through co-investment with the private sector in either existing business ventures or new ventures;
- IDC co-investing with the private sector in spin-offs, expansion or diversification ventures arising out of the existing IDC portfolio of state enterprises;
- IDC will play a frontier role and own a new venture wholly, undertake the early project development work, and then dilute its holding by introducing private sector investors when such a venture attains bankability. This approach will apply in exceptional cases.