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Jakarta Post

Indonesia, Netherlands sign US$1b worth of deals during Dutch king visit

  • Marchio Irfan Gorbiano and Norman Harsono

    The Jakarta Post

Jakarta   /   Wed, March 11, 2020   /   07:33 am
Indonesia, Netherlands sign US$1b worth of deals during Dutch king visit King Willem-Alexander (left) and Ratu Maxima of the Dutch kingdom arrived at Halim Perdanakusuma airport, Jakarta, 9/3/2020. In the 4-day visit they will visit Jakarta, Jogjakarta, Kalimantan and Sumatra. - JP / Wendra Ajistyatama / vja / 20 (JP/Wendra Ajistyatama)

Indonesia and the Netherlands have inked US$1 billion worth of business deals covering wide-ranging areas of cooperation during the visit of Dutch King Willem-Alexander and Queen Maxima to the country.

President Joko “Jokowi” Widodo welcomed the Dutch monarchs at the Bogor Palace in West Java on Tuesday, which marked the first day of the king’s four-day state visit to Indonesia. 

“We have forged a number of business-related cooperation areas amounting to up to US$1 million,” Jokowi said in a joint press statement following a bilateral meeting with the Dutch delegation.

Read also: BREAKING: Dutch monarch offers apology for past ‘excessive violence’

Indonesian Foreign Minister Retno Marsudi confirmed the deal, saying that the cooperation included, among others, the development of fuel storage tankers for Royal Vopak, Dutch logistics and distribution service providers to the chemical and oil industry, at the Tanjung Priok Port in Jakarta.

Other collaborations areas include the development of Dutch dairy company FrieslandCampina’s milk factory and Shell’s investment in the Indonesian downstream oil and gas industry.

Retno went on to say that the Dutch monarchs were accompanied by around 185 Dutch businesspeople who were slated to meet up with their Indonesian partners while the king and queen made their visit to Yogyakarta. 

Read also: Dutch king offers condolences for advance team speedboat collision that led to seven deaths

The Netherlands was Indonesia’s fifth largest foreign investor last year, after having injected US$2.59 billion into Asia’s third largest economy, according to Indonesia’s Coordinating Investment Board (BKPM).

The foreign minister went on to say that Indonesia and the Netherlands had signed letters of intent (LoI) for cooperations that covered women empowerment, water management, healthcare professionals, climate change, waste management and transportation.

The two countries signed an LoI for cooperation on infectious disease control, including on antimicrobial resistance, which would involve the the Netherland’s Erasmus University Medical Center and Indonesia’s Sulianti Saroso Infectious Diseases Hospital (RSPI), she added.

 

Editor's note: This article's paragraph five has been revised to state that Shell's investment in Indonesian will be in the downstream oil and gas industry.