Envoy says UAE, Indonesia eye up to $15bn deals during Crown Prince visit

Husin Bagis, Ambassador of Indonesia to the UAE, describes visit of Sheikh Mohamed as 'dream come true'
Envoy says UAE, Indonesia eye up to $15bn deals during Crown Prince visit
By Sam Bridge
Wed 24 Jul 2019 02:15 PM

The state visit of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to Indonesia has been described by a top Indonesian diplomat as a "dream" come true.

Husin Bagis, Ambassador of Indonesia to the UAE, told state news agency WAM that Wednersday's visit ia expected to see an estimated $10-15 billion in deals and partnerships formed with various UAE-based organisations, including Mubadala and DP World.

He said the visit will not only improve the diplomatic ties between the two countries, but also will expand trade and investment relations across multiple sectors including energy, petrochemicals, retail, ports and customs, tourism and finance.

Earlier this month, Mubadala Petroleum became the largest net acreage holder in Indonesia’s North Sumatra basin.

Diplomatic relations between the two countries first began in 1976, with the former Indonesian President Suharto visiting the UAE in 1977 while the late UAE President, Sheikh Zayed bin Sultan Al Nahyan, first visited Indonesia in 1990.

Bagis said: "Having the Abu Dhabi Crown Prince visit Jakarta fulfils a big dream for me, adding: "Bilateral relations between the UAE and Indonesia are excellent, and as Muslim-majority countries, we have shared solidarity and good ties with the Emirati people."

The arrival of Sheikh Mohamed in Indonesia follows his state visit to China earlier this week.

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