Indonesia, UAE Agree to Strengthen Industrial Cooperation

    Nia Deviyana - 25 Juli 2019 19:22 WIB
    Indonesia, UAE Agree to Strengthen Industrial Cooperation
    Illustration (Photo:Medcom.id/M Rizal)
    Jakarta: Industry Minister Airlangga Hartarto is confident that the recently-signed memorandum of understanding (MoU) between his ministry and the United Arab Emirates (UAE) Industry and Energy Ministry can boost bilateral relations between the two countries.

    The MoU was signed by Airlangga and his UAE counterpart Suhail Mohamed Faraj Al Mazrouei on the sidelines of a bilateral meeting between President Joko 'Jokowi' Widodo and Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan at the Bogor Palace in Bogor, West Java on Wednesday.

    According to Airlanga, the two countries are committed to developing potential industry sectors, including agriculture, metal, machinery and petrochemical.

    "CPO commodities, foods and beverages as well as paper and pulp products are some of the top 10 export products from Indonesia to UAE," Airlannga said in a press statement released on Thursday.

    Besides MoU on Industrial Cooperation, the other agreements signed were MoU on Investment Protection Improvement; MoU on Double Taxation Avoidance; 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 Foreign Minister 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 Cabinet Secretariat's website quoted the top Indonesian diplomat as saying.



    (WAH)

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