JAKARTA: Indonesia is expecting more investments from the UAE, the Indonesian government said on Friday following talks between President Prabowo Subianto and his Emirati counterpart Sheikh Mohamed bin Zayed Al-Nahyan.
Indonesia’s relations with the UAE grew under former President Joko Widodo, who in 2021 secured more than $46 billion investment commitment from the Gulf state.
Subianto visited Abu Dhabi earlier this week accompanied by Foreign Minister Sugiono, and Energy and Mineral Resources Minister Bahlil Lahadalia on a trip aimed at strengthening cooperation under the Indonesia-UAE Comprehensive Economic Partnership Agreement.
“The meeting discussed cooperation to increase investment (and) strengthen bilateral cooperation. The UAE wants to increase its investment in Indonesia,” Cabinet Secretary Teddy Indra Wijaya said in a statement, without disclosing any amount.
Indonesia and the UAE signed the free trade deal in 2022, which came into force a year later. It was Jakarta’s first with a Gulf country and Abu Dhabi’s first with a Southeast Asian nation.
