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Indonesia, UAE improve economic ties

Indonesia, UAE improve economic ties

Indonesia and the United Arab Emirates (UAE) inked US$9.7 billion of investment deals during the official visit of Abu Dhabi’s Crown Prince Mohammed bin Zayed al-Nahyan to the country. This is the first state visit of a UAE leader in almost three decades, following that of bin Zayed’s father and then-UAE president Sheikh Zayed bin Sultan al-Nahyan in 1990. The investment deals, sealed in a memorandum of understanding (MoU) signing session witnessed by President Joko “Jokowi” Widodo and the crown prince at Bogor Palace, West Java, incorporated business-to-business agreements between firms from the two countries.