UAE to invest US$33bil in Indonesia


Jakarta at dusk: The 19 investment commitments involve cooperation between the Indonesian Investment Authority and Dubai-based multinational logisitics firm DP World. — Bloomberg

THE government of Indonesia 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 on 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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

South Korea's Lee to meet Xi with trade, Pyongyang on the agenda
Popular South Korean movie star Ahn Sung-ki, dubbed 'The Nation's Actor,' dies at 74
As Aceh reels from severe floods, Singapore's NTU-led study in 2024 traces roots to forest loss
Ringgit opens slightly lower as risk aversion lifts US$
FBM KLCI starts first full trading week of 2026 with early morning rally
Wedding bells?: Syed Saddiq's New Year confession has everyone asking one question
Japan's factory activity steadies as demand declines slow, PMI shows
Hundreds released by junta
A way of life on borrowed time
Durian delights available all year

Others Also Read