UAE may invest in a COVID vaccine production facility in Indonesia

UAE’s Minister of Energy and Infrastructure Suhail Al-Mazrouei said Emirati-Indonesian cooperation is growing stronger. (File/AFP)
UAE’s Minister of Energy and Infrastructure Suhail Al-Mazrouei said Emirati-Indonesian cooperation is growing stronger. (File/AFP)
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Updated 13 April 2021

UAE may invest in a COVID vaccine production facility in Indonesia

UAE may invest in a COVID vaccine production facility in Indonesia
  • Emirati investment is currently moving toward targeting new sectors in Indonesia

DUBAI: The UAE may invest in a COVID-19 vaccine production facility in Indonesia, Energy and Infrastructure Minister Suhail Al-Mazrouei said on Monday.
He said there has been an exceptional boom in economic relations between the UAE and Indonesia, especially during the past ten years, and currently the UAE has a number of promising projects that will strengthen bilateral relations to become a comprehensive and sustainable strategic relationship.
“We in the UAE are keen to ensure that our investments are in areas that contribute to providing infrastructure and daily services to make a difference for the Indonesian citizen in his daily activities,” Al-Mazrouei said.
He was speaking after Indonesian President Joko Widodo announced that a major road in Jakarta would be renamed after Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed in appreciation for his humanitarian role and distinguished contributions to Arab and Islamic nations.
On new opportunities for investment, he said said that Emirati investment is currently moving toward targeting new sectors in Indonesia, such as renewable energy, strategic and military manufacturing, production of the COVID-19 vaccine, as well as agriculture, food security, digital education, tourism, and the creative economy.
“There are also new agreements and contacts between the two countries, and we expect that strategic and vital projects in these sectors will soon bear fruit,” he added.
He also said that the UAE has announced $10 billion worth of investments with the Indonesian Investment Authority, which will be used in projects and strategic sectors.