Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led the UAE delegation to the UAE-Indonesia Business Forum, which was held Thursday in the capital, Jakarta.
Al Mazrouei reiterated the readiness of the UAE and its national companies to contribute to a project to build a new Indonesian capital on the island of Kalimantan.
The Minister also noted that UAE companies are interested in more investment partnerships in the renewable energy sector in Indonesia, which, he said, has the capabilities and potential to become the green energy hub in Southeast Asia.
The business forum reviewed a number of economic and investment issues of common interest in the fields of energy, mining, tourism, real estate, and aviation, in addition to discussing mechanisms and ways to expand regional cooperation and enhance opportunities for trade and investment cooperation between the two countries.
For his part, Coordinating Minister for Maritime Affairs and Investments of the Republic of Indonesia, Luhut Binsar Pandjaitan, called on UAE and Indonesian companies to seize the investment opportunities available in the fields of oil refineries, renewable energy development, construction of the new Indonesian capital, ports and airports, energy and food security, national defense and satellites, environment and climate change.
Addressing the forum, Abdullah Salem Al Dhaheri, the UAE Ambassador to the Republic of Indonesia, Timor-Leste, and the Association of Southeast Asian Nations (ASEAN), called on the public and private sectors in the United Arab Emirates and Indonesia to take advantage of the entry into force of the UAE-Indonesia Comprehensive Economic Partnership Agreement on September 1, 2023, and the start of implementation of the sector-specific partnership between the United Arab Emirates and ASEAN.
He pointed out that these positive developments provide opportunities for more cooperation in many sectors such as renewable energy, infrastructure, strategic industries, health, digital education, creative economy, agriculture and food security, mangrove cultivation, and religious affairs.
During the forum, various investment opportunities in the economic sectors in Indonesia were reviewed, such as the export and import sector, fisheries, agriculture, real estate, pharmaceuticals, consumer goods, and oil & gas.
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