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

UAE, Uzbekistan sign digital infrastructure deal

The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels

Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports

Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
UAE, Iran expand cooperation in additional sectors

The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.

On Virgin Radio today

We're back soon
Midnight - Midnight

Virgin Radio
We're back soon
Midnight - 6:00am

Virgin Radio

Trending on Virgin Radio

Bassem Youssef
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
ARN News Centre
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
Untold Dubai
It arrived: The UAE's First Mega Music Festival at Expo City Dubai!
Regional Artist Spotlight Podcast
Hear Maz & James chatting to the featured artists every month with Flash Entertainment.