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.