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 court sentences ex-President Yoon to five years in prison for obstruction
Hong Kong Cantopop star Raymond Lam cancels two concerts in Japan amid China friction
Myanmar athletes speed up preparation for 13th Asean Para Games
Thailand unveils fast-track investment plan to revive sluggish growth
Tennis-Keys ready to soak up 'pinch-me moments' as defending Australian Open champion
Defending champions Vietnam are in tough Group A together with Indonesia and Singapore for the Asean Hyundai Cup 2026
South Korea to set up AI-assisted fire response system
Strong Islamic finance positions Brunei for growth
Canada's Carney hails 'strategic partnership' in talks with Xi
Doc charged in JB with murdering wife and son

Others Also Read