Jakarta: United Arab Emirates (UAE) Energy and Industry Minister Suhail Mohamed Al Mazrouei held discussions here, Friday, with Indonesian Vice President Jusuf Kalla on the potential to increase investment in Indonesia, particularly in energy and infrastructure.
Mazrouei arrived at the Vice Presidential Office at around 10:30 a.m. local time on Friday.
"(The meeting is aimed) at making preparations for the visit of the King and for holding a preliminary discussion on investment," Vice President Kalla remarked.
Mazrouei has reiterated his country's commitment to boosting investment in Indonesia.
"The United Arab Emirates has planned to improve business relations with Indonesia to enhance bilateral trade and investment," he noted.
Energy, real estate, and tourism are among the sectors, with investment potential.
Crown Prince of the Emirate of Abu Dhabi Syekh Mohamed bin Zayed Al Nahyan, concurrently the UAE's deputy supreme commander of the Armed Forces, has planned to visit Indonesia in mid-July 2019.
Investment realization reached Rp195.1 trillion in the first quarter of 2019. It grew by 5.3 percent compared to the same period in 2018.
Based on a report from the Investment Coordinating Board (BKPM), Domestic Direct Investment (DDI) reached Rp 87.2 Trillion. Compared to 2018, DDI increased by 14.1 percent in January-March 2019.
In the meantime, Foreign Direct Investment (FDI) reached Rp 107.9 Trillion. Compared to last year, FDI decreased by 0.9 percent in the first three months of 2019. (Antara)