Suhail Al Mazrouei Heads the UAE Delegation at the UAE-Indonesian Economic Forum in Jakarta
His Excellency Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led the UAE delegation at the UAE-Indonesian Economic Forum on mutual economic cooperation held last Thursday in the capital city, Jakarta.
During his visit to Indonesia, His Excellency Suhail Al Mazrouei was welcomed by His Excellency Joko Widodo, the President of the Republic of Indonesia, along with his accompanying delegation in Solo. President Joko Widodo expressed Indonesia eagerness to enhance bilateral relations between Indonesia and the UAE and affirmed his country readiness to support all aspects of bilateral cooperation.
His Excellency also conveyed greetings from His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, extending their best wishes for Indonesia and its people prosperity and progress.
During his participation in the UAE-Indonesian Economic Forum, His Excellency emphasized the UAE commitment to advancing cooperation between the two friendly nations and expanding collaboration across various sectors, contributing to the strengthening of friendship and mutual interests.
He reiterated the optimism of both countries' leadership concerning the future of their bilateral relations, given the convergence of their visions for the forthcoming years of bilateral cooperation.
His Excellency also affirmed the UAE readiness, along with its national companies, to contribute to the construction of the new Indonesian capital on Kalimantan Island.
He congratulated the two friendly countries on the success of the Masdar and PT PLN (Persero) - a state-owned electricity company in Indonesia - in completing the Cirata Floating Solar Power Plant project in West Java, Indonesia, which stands as the world largest floating solar power station. His Excellency noted the UAE companies' interest in further investment partnerships in the renewable energy sector in Indonesia, which has the potential to become a hub for green energy in Southeast Asia.
The forum covered a range of economic and bilateral investment issues of mutual interest in the fields of energy, mining, tourism, real estate development, and aviation, in addition to discussing mechanisms and opportunities for regional cooperation and enhancing trade and investment between the two countries.
His Excellency Luhut Binsar Pandjaitan, Coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia, praised the UAE as a reliable strategic partner for Indonesia. He called upon both UAE and Indonesian companies to seize investment opportunities in areas such as oil refineries, renewable energy, new Indonesian capital development, ports and airports, energy security, food security, defense, satellites, the environment, and climate change.
His Excellency Prabowo Subianto, Minister of Defense of Indonesia, commended the significant progress in bilateral relations between the two countries and expressed his admiration for the UAE leadership under the wise guidance of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE.
In his opening remarks, His Excellency Abdullah Saeed Al Daheri, UAE Ambassador to Indonesia and Timor-Leste, and the Association of Southeast Asian Nations (ASEAN), called on the public and private sectors in both the UAE and Indonesia to capitalize on the Comprehensive UAE-Indonesia Economic Partnership Agreement, which entered into force on September 1, 2023. He highlighted the advantages of the agreement, including facilitating market access for products in both countries, exemption from customs duties, removal of unnecessary technical barriers for UAE and Indonesian exporters, and the use of international standards as the basis for technical regulations.
The forum provided an opportunity to review various investment prospects in economic sectors in Indonesia, such as exports and imports, the fisheries and agriculture sectors, real estate, pharmaceuticals, consumer goods, oil, and gas.
Following the conclusion of the forum, an extensive trade meeting was held between government and private companies from the UAE and Indonesia to discuss a range of investment projects and economic cooperation between the two countries, particularly in the energy, tourism, and real estate sectors, as well as increasing UAE investments in Indonesia.
The accompanying delegation for the UAE Minister of Energy and Infrastructure included senior officials from various UAE entities and companies, including the Ministry of Energy and Infrastructure, the Ministry of Foreign Affairs, the Ministry of Economy, Emirates Global Aluminium, Mubadala Investment Company, ADNOC, Abu Dhabi Holding, Abu Dhabi Ports, Union Railways, Emirates Airlines, Yas Holding, Etihad Rail, Sanad, Lulu Group, and Louis Dreyfus Company, as well as the Fujairah Chamber of Commerce and Industry.
