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Indonesia, UAE ink MoUs on energy, minerals cooperation
Other points of cooperation include tourism, culture, health care, technology and industrial development.
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This handout photo released by the United Arab Emirates Presidential Court shows UAE President Sheikh Mohamed bin Zayed al-Nahyan (right) talking to visiting President Prabowo Subianto on Nov. 23, 2024, at a lunch reception in honor of the latter, in Abu Dhabi during his state visit. (AFP/UAE Presidential Court/Ryan Carter)
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ndonesia and the United Arab Emirates have inked several memorandums of understanding (MoUs) following President Prabowo Subianto’s work visit to Abu Dhabi on Saturday, during which he met his counterpart Sheikh Mohammed bin Zayed al-Nahyan, popularly known as MBZ.
The meeting between the two resulted in MoUs covering tourism, culture, health care, technology and industrial development, energy and mineral resources and investment. However, no further details were shared.
“We can cooperate in several fields, and we want to invite the UAE to actively participate in our economy,” Prabowo said on Saturday, as quoted from a statement published by his office.
Read also: Prabowo returns from first foreign trip as president
Prabowo went on to say that his administration would prioritize ensuring food and energy security as well as focusing on the downstream industry, an area on which he is confident the two countries can work together.
MBZ reiterated that he is optimistic that trade flow between the two countries can be increased, with a goal of US$10 billion in total value over the next years, compared with last year’s $4.6 billion.
He cited that the two countries have established a comprehensive economic partnership agreement (CEPA) as well as bilateral local currency settlement, the latter of which allows two countries to trade using their respective local currencies instead of United States dollars.
