An official two-day visit of Indonesian President, Joko Widodo and its delegation in Abu Dhabi, secured an overall $22.9 billion deal earlier this week covering the fields of energy, logistics, port construction, mining, and agriculture.
At a bilateral meeting, the Indonesian leader and the crown prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nahyan attended the signing of 11 trade agreements between the two countries. Indonesian Foreign Minister Retno Marsudi said the United Arab Emirates has pledged to invest $ 6.8 billion of the total agreed spending on these initiatives.
Luhut Pandjaitan, Indonesia’s chief minister for maritime affairs and investment, described the UAE’s pledges as possibly being “the biggest deals in Indonesia’s history, secured with the UAE within only six months,” referring to the crown prince’s visit to Indonesia last July.
Fachry Thaib, head of the Middle East Committee and OIC at the Indonesian Chamber of Commerce, said, “the schemes could trigger a wide-ranging effect through job creation and other business ventures. The government needs to have a strong lobbying team that can follow up on these deals and push them into investment realizations. We have had such commitments from other Gulf countries, but there was no further lobbying and the pledges were hardly realized.”
Director for Middle East affairs at Indonesia’s Foreign Ministry, Achmad Rizal Purnama, told Arab News that the $6.8 billion commitment from the UAE was only the first phase of a long-term program.
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17 November, 2019