The United Arab Emirates announced an investment of $ 10 billion through its devices, government and private investment tools, with the Indonesian Investment Authority, which is the Indonesian sovereign fund.
Investments will focus on strategic sectors in the Republic of Indonesia, according to the UAE News Agency (WAM).
> It is scheduled to include infrastructure, roads, ports, tourism, agriculture and other promising vital sectors, which are of great prospects for growth and contributions to the promotion of economic and social growth and progress in Indonesia .
Joko Widodo, President of the Republic of Indonesia, announced in February, the appointment of members of the Regulatory and Executive Board of the Indonesian Investment Authority, which was formed under the comprehensive law of job creation Which was vacated in October 2020.
> The Board is a turning point in the governance and development of an investment system in Indonesia, where the Indonesian Sovereign Fund aims to implement strategic projects that support national development in Indonesia, including the development of infrastructure and construction The new capital in Kalamantan.
The UAE and Indonesia are associated with strong political, economic and cultural relations, and official diplomatic relations began between the two countries in 1976, where the Indonesian embassy in Abu Dhabi opened on 28 October 1978. / p>
