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

Thai Election 2026: five parties lay out competing industrial roadmaps
Govt committed to fulfilling MA63 in line with Royal Decree, says Mustapha
Nine killed as school bus overturns near India's Chhattisgarh–Jharkhand border, safety lapses under scrutiny
Indonesia's Prabowo nominates nephew as central bank deputy governor, sources say
MACC submits papers on Armed Forces corruption probe to prosecutor
Immigration officer faces 53 counts of graft, wife accused of using ill-gotten gains to buy gold
Heed King's reprimand, firm action on MPs for touching on 3R during Parliament, warns Speaker
Chinese husband smashes up home after wife buys dishwasher without his consent
Universiti Teknologi Brunei launches year-long 40th anniversary celebrations
Bangladeshi man held at KLIA with fake work pass

Others Also Read