UAE signs AED 35 billion of deals with Indonesian firms

Aerial photo of South Jakarta Central Business District (123RF / XIMAGINATION)

UAE companies have signed AED 35 billion worth of business deals with Indonesian firms.

The agreements were reached on the sidelines of the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to Jakarta.

Abu Dhabi-based Mubadala Investment Company has signed a three-way Memorandum of Understanding with Asri Petrochemical and OMV to explore opportunities worth up to AED 22 billion. 

The Abu Dhabi National Oil Company (ADNOC) has signed a AED 9 billion agreement with Indonesia's Pertamina in oil and gas exploration and development.

Dubai's DP World has agreed to build a AED 4.4 billion logistics park and port facility in East Java with Indonesia's Maspion Group. 

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    12:00am - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • The Business Breakfast

    7:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

On Dubai Eye

  • Tony Robbins Live in Dubai

    Najahi Events presents the highly anticipated Tony Robbins Event, Achieve the Unimaginable with Celebrity Guest Appearances, Live at the Coca Cola Arena, 3rd September.

  • The Business Breakfast Podcast

    Hear the highlights and the best interviews from The Business Breakfast with Malcolm, Brandy & Richard.