UAE Commited to Investing $32.7 billion in Indonesia
The result of Indonesia’s Presiden Joko Widodo state visit to United Arab Emirates US$32.7 Foreign Direct Investment 🇮🇩
Investment Minister Bahlil Lahadalia said the United Arab Emirates (UAE) is committed to investing $32.7 billion, equivalent to Rp469 trillion assuming an exchange rate of Rp14,346 per US dollar, in Indonesia.
"This figure is the total investments handled by the Indonesia Investment Authority (INA) and the Investment Ministry," he said during an online press conference on Thursday.
The investment will be allocated to several sectors, such as health, new and renewable energy and port infrastructure, as well as food.
"In the food sector, the investment will improve the quality of our seedlings, so we can achieve a high production value," said Lahadalia, who is also the Head of the Investment Coordinating Board (BKPM).
In terms of attracting the attention of UAE investors, he said the Indonesian government will help encourage investment, such as by guaranteeing the facilitation of investment licenses and providing incentives.
Source:
en.antaranews.com