UAE signs AED 35 billion of deals with Indonesian firms

Thursday, 25 July 2019 05:59

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 News

ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training

ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
ADIPEC 2025 kicks off in Abu Dhabi with record global presence

ADIPEC 2025 has kicked off on Monday at ADNEC Centre Abu Dhabi, bringing together leading figures from the global energy sector.
Maktoum bin Mohammed chairs Board meeting of Federal Tax Authority

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
UAE’s first AI-designed business complex launched in Sharjah

Al Marwan Developments has launched its pioneering project, “District 11”, the UAE’s first smart work resort designed using artificial intelligence, setting a new benchmark for urban innovation and economic vitality in Sharjah and the wider UAE.
ADNEC Group to host two of world’s largest events simultaneously in Abu Dhabi, London

ADNEC Group is set to demonstrate its international prowess by simultaneously hosting two of the world’s largest events at Excel London and ADNEC Centre Abu Dhabi from November 3-6.

News

UAE's Rashid Rover 2 heads to US for Moon mission prep
The Emirates Lunar Mission’s Rashid Rover 2 has completed its development and testing in the UAE and is now on its way to the United States for launch preparations.
Over 500 officials to convene for UAE Government Annual Meetings
The seventh edition of the UAE Government Annual Meetings kicks off on Tuesday in Abu Dhabi, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
H.H. Sheikh Mohammed shares message of pride, unity on Flag Day
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the UAE Flag Day celebration at The Gate Building in Dubai International Financial Centre (DIFC).

UAE signs AED 35 billion of deals with Indonesian firms

More from Business News

News

Our Shows

Quick Links

Listen on the Go

UAE signs AED 35 billion of deals with Indonesian firms

Share

More from Business News

News

Our Shows

Quick Links

Listen on the Go