DistantNews
Support us
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Indonesia Targets UAE Investment for Food Security and Infrastructure

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Indonesia is seeking increased investment from the United Arab Emirates (UAE) to bolster food security, supply chains, and infrastructure.
  • This initiative aligns with Indonesia's goal of promoting long-term economic growth.
  • The Indonesia-UAE Comprehensive Economic Partnership Agreement (I-UAE CEPA) is expected to enhance trade and investment between the two nations.

Indonesia is actively pursuing greater investment from the United Arab Emirates (UAE) to strengthen its national food security, fortify supply chains, and develop crucial infrastructure. This strategic move is part of the Indonesian government's broader effort to stimulate economic growth that is sustainable in the long term.

Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted the UAE's position as a key strategic partner in the Middle East, noting the continuously expanding economic ties. "Indonesia welcomes the commitment from the UAE and global business actors like Louis Dreyfus Company to expand economic cooperation in Indonesia," Hartarto stated. He emphasized the government's encouragement for investments that support industrial downstreaming, food security, and the strengthening of national supply chains.

Indonesia welcomes the commitment from the UAE and global business actors like Louis Dreyfus Company to expand economic cooperation in Indonesia. We encourage increased investment that supports downstreaming, food security, and the strengthening of national supply chains.

โ€” Airlangga HartartoHighlighting Indonesia's interest in UAE investment and cooperation.

The implementation of the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (I-UAE CEPA) is anticipated to significantly boost trade and investment flows between the two countries. The Indonesian government has also pledged support for UAE-based companies already operating in the nation, including Louis Dreyfus Company, which has a 25-year investment history in Indonesia.

During bilateral meetings, the UAE expressed commitments for new investments, notably from Abu Dhabi Export (ADEX), which will concentrate on the food security sector. This commitment underscores the UAE's confidence in Indonesia's food and agribusiness prospects and further solidifies the economic partnership. Additionally, Abu Dhabi Ports (ADP) has expressed readiness to support the development of Bali's airports by conducting feasibility studies, signaling investment interest in the infrastructure sector as well. The UAE Ambassador to Indonesia, Abdulla Salem Al Dhaheri, affirmed Indonesia's importance as a primary partner in Southeast Asia with substantial potential for economic collaboration.

Indonesia is an important partner for the UAE in Southeast Asia and has great potential for expanding economic cooperation. The UAE sees Indonesia as an important partner in Southeast Asia and is open to expanding collaboration in various economic sectors.

โ€” Abdulla Salem Al DhaheriDescribing the UAE's view of Indonesia as a key economic partner.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.