Tuesday, July 15, 2025
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

UAE-Indonesia Deal: Largest Deal in Indonesia’s History

Doddy D. Wahyuwono by Doddy D. Wahyuwono
6 years ago
in Asia News
©

©

The Uni Arab Emirates (UAE) and Indonesia has just reached new, long-term investment deals. Reportedly, the USD 22.8 billion worth of development projects is the biggest deal in Indonesia’s history.

The signing took place during Indonesian President Joko ‘Jokowi’ Widodo’s official visit to Abu Dhabi. Additionally, President Jokowi witnessed the procession together with Crown Prince Sheikh Mohammed Bin Zayed.

Accordingly, there are 16 agreements in total. Both countries signed 11 B2B agreements and MOUs on energy and infrastructure. The other five were pertaining to  on religion, health, education, agriculture and counterterrorism.

The deal remarks closer and deeper economic ties between Indonesia and UAE. Furthermore, both leaders also discussed a future project to establish a a sovereign wealth fund.

RelatedArticle

GameStop Shares Surge Roaring $116 Million Position

Indonesia’s New Crypto Regulations: Impact on Local Exchanges

Global Cryptocurrency Tax: Policies and Practices

4 Reasons to Opt for a Local Forex Broker

“We can start a new era of closer ties between the two nations,” said the crown prince.

Despite the huge investment, there is no disclosure on how much UAE will fund as a direct investment to the Southeast Asia’s biggest economy.

Also Read: Why 2020 is Crucial For Indonesian Startups

UAE-Indonesia Deal and Jokowi’s Vision to Cultivate the Country

Since the reelection, President Jokowi has been envisioning to build the country, particularly in infrastructure and energy. This, additionally, becomes the president’s signature policy to combat poverty and improve Indonesia’s inadequate infrastructure.

That being said, the deal with UAE becomes a historic event for the country. Also, UAE currently includes among Indonesia’s top economic partners.

“The UAE will remain an important partner in Indonesia’s economic cooperation, especially in the investment sector,” Jokowi said.

Among the investment targets, Jokowi aims to conduct further cooperation in oil refining, gas, petrochemicals, ports, electricity and telecommunications.

Moreover, UAE is also willing to invest funds in Indonesia’s properties. So far, the country has indicated an interest in the new capital project in Kalimantan and property development in Aceh, Sumatra.

However, UAE appears to not the only party interested in funding the archipelago. Japanese Softbank and the United States’ International Development Finance Corp (IDFC) also show interests in the funds, Coordinating Minister for Maritime and Investment Affairs stated.

Also Read: Huobi New Trading Platform for Indonesia Rupiah and Tether

Tags: IDFCIndonesiaInvestmentSoftBankuaeUAE-Indonesia dealUni Arab EmiratesUnited States' International Development Finance Corp
Doddy D. Wahyuwono

Doddy D. Wahyuwono

“No word matters. But man forgets reality and remembers words.” ― Roger Zelazny

Related Posts

GameStop Shares Surge Roaring $116 Million Position

GameStop shares surge
by oney
October 30, 2024

In a dramatic turn of events, GameStop shares surged 80% following a significant reveal by the well-known trader Keith Gill,...

Read more

Indonesia’s New Crypto Regulations: Impact on Local Exchanges

Indonesia crypto regulations. Hedging strategies in Forex Trading. A bar chart with four sections of varying heights. The sections are labeled "23,150," "23,100," "23,050," and likely represent some kind of data or measurement. The title of the chart is most likely "23:150."
by oney
October 13, 2024

Overview of Indonesia's New Crypto Regulations Key Provisions The new regulations introduced by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti)...

Read more

Global Cryptocurrency Tax: Policies and Practices

role of stablecoins in the crypto ecosystem, diversify your crypto portfolio, how to use a Forex economic calendar. Cryptocurrency Advertisement tax global
by oney
October 4, 2024

The cryptocurrency tax in South Korea South Korean government is setting new tax for cryptocurrency income this year. After Japan, the country...

Read more

4 Reasons to Opt for a Local Forex Broker

Forex Introducing Partner, local forex broker, building confidence as a forex trader
by oney
October 1, 2024

The election of Indonesia’s local forex broker or international forex broker is often confusing for traders. Both of them have...

Read more
Load More
Next Post
Photo by Nathan Dumlao on Unsplash

Samsung Acquires US TeleWorld Solutions

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • China’s Debt to GDP Ratio Reached 300% in 2023

    0 shares
    Share 0 Tweet 0
  • How Long Does it Take to be a Profitable Trader?

    0 shares
    Share 0 Tweet 0
  • Cryptocurrency Trading: Managing Emotions and Risks

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In