UAE to invest US$32.7bil in Indonesia

Indonesia and the UAE also agreed to speed up talks on a comprehensive economic partnership agreement. - Bloomberg

JAKARTA (The Jakarta Post/Asia News Network): Indonesia's government has secured US$32.7bil (RM136bil) worth of investment commitments from United Arab Emirates businesses in various sectors, such as vaccine manufacturing and distribution.

The investments, announced last Thursday, came as President Joko Widodo visited the UAE to deepen a personal relationship he has forged with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan.