Indonesia, UAE Sign Nine MoUs to Improve Cooperation
Date 24 Juli 2019
President Joko “Jokowi” Widodo and Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan/Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed Bin Zayed Al Nahyan witnessed the signing of nine MoUs in a bilateral meeting at the Bogor Presidential Palace, West Java, Wednesday (24/7).
The nine agreements signed were MoU on Investment Protection Improvement; MoU on Double Taxation Avoidance; MoU on Industrial Cooperation; MoU on Customs Cooperation; MoU on Tourism Cooperation; MoU on Maritime and Fisheries Cooperation; MoU on Defense Cooperation; MoU on Consular Affairs; and MoU on Cultural Cooperation.
According to Minister of Foreign Affairs Retno Marsudi, three Business to Business MoUs were also inked on the occasion, including an agreement between state-owned oil and gas company PT Pertamina and Abu Dhabi National Oil Company (Adnoc) on Refinery Development Master Plan (RDMP) in Balikpapan, East Kalimantan, as well as the development of integrated supply chain and Liquefied Natural Gas (LNG) storage, an agreement between PT. Chandra Asri Petrochemical and Mubadala on the development of a naphtha cracker and petrochemical complex, and an agreement on a venture project between DP World and diversified conglomerate Maspion Group in East Java.
“There is also an agreement between DP World and Maspion Group regarding the development of container terminals in East Java,” the Minister told reporters after accompanying President Jokowi during the meeting, adding that the two leaders also discussed other future cooperation.
The Minister went on to say that the UAE has sovereign wealth funds worth US$1.3 trillion which could be a good potential for Indonesia-UAE economic partnership.
“I say that this is a historical, a straightforward, and a concrete visit that discussed ways to advance economic partnership,” she said.
Retno previously said that it was the first state visit of a UAE leader to Indonesia after 29 years. The last visit was paid by the Crown Princes father in 1990.
“The Crown Prince is happy that he can visit Indonesia. This is also a meeting between two close friends,” Retno said, adding that the bilateral meeting between President Jokowi and the Crown Prince of UAE lasted more than 2.5 hours. (MAY/JAY/AGG/ES)
Translated by: Syarifah Aisyah
Edited by: Ridwan Ibadurrohman/Mia Medyana