Mohammed bin Rashid met the Indonesian President and witnessed the exchange of agreements and memoranda of understanding between the two countries
The UAE and Indonesia strengthen cooperation in vital development sectors
Mohammed bin Rashid discussed with the Indonesian President ways to develop the partnership between the two countries.
From the source
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met yesterday with the President of the Republic of Indonesia, Joko Widodo, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, in The headquarters of "Expo 2020 Dubai", and the Emirati and Indonesian sides exchanged a number of agreements and memoranda of understanding, to enhance cooperation in a number of vital development sectors.
His Highness Sheikh Mohammed bin Rashid Al Maktoum expressed the UAE's pride in the close friendship and cooperation relations that exist between the two countries, and the UAE's aspiration to advance partnership paths forward, within the various main sectors that support development trends in the two friendly countries, in light of the congruence of views and common desire. In discovering more partnership opportunities, in a way that lives up to the hoped-for level of development and prosperity for the ties between the two countries during the next stage.
During the meeting - which was attended by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Supreme Chairman of the Emirates Group, Chairman of the Higher Committee of Expo 2020 Dubai, and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and a number of ministers and directors of Dubai government departments - ways to develop the partnership between the UAE and Indonesia were discussed, against the background of the strong relations that bring them together at various political, economic and cultural levels. , especially that the bilateral ties of cooperation have witnessed a remarkable development during the last period, supported by mutual visits at the leadership level and senior officials of the two countries, and the agreement of the political leadership in the two countries to take the existing partnership to higher levels of coordination and constructive interaction, in a manner that serves the interests of the two friendly peoples and supports the ambitious development directions. for both sides.
The meeting included discussing ways to enhance bilateral cooperation, within various economic and technical sectors, including enhancing trade exchange between the two countries, which has witnessed encouraging growth during the past few years, as the value of the UAE's non-oil foreign trade with Indonesia reached two billion dollars last year, while the value of non-oil foreign trade with Indonesia reached $2 billion. Trade exchanges between the two countries amounted to more than 11 billion dollars during the last five years.
During the meeting, the two sides discussed ways to advance areas of cooperation in many vital sectors, which constitute basic pillars within the development plans in the two countries, including the sectors of investment, energy, technology, financial services, travel, tourism and infrastructure, emphasizing the importance of preparing the field for sector companies. The private sector on both sides, to discover the opportunities inherent in those sectors, whether in Indonesia or the UAE, and to monitor the possibility of launching constructive partnerships in which the private sector contributes mainly, thus increasing the amount of interest and the investment return for both parties.
In addition, the meeting touched on discussing a number of issues of common concern, including the current developments on the regional and international arenas, foremost of which are global efforts to combat the “Covid-19” pandemic, and what it requires of concerted plans and initiatives to accelerate global recovery rates, as well as addressing To the issue of climate change, which has become a real challenge that casts a shadow over the future of the world, and what the current environmental situation calls for a rapid global movement, in which efforts are united to activate the necessary measures to reach climate neutrality, which the UAE announced its goal to achieve by 2050, in The framework of its full support for international efforts to preserve the environment, and its commitment to aligning national development priorities with the United Nations sustainable development goals, set by the United Nations within the 2030 global agenda.
His Highness Sheikh Mohammed bin Rashid Al Maktoum and President Joko Widodo witnessed the exchange of a number of agreements and memoranda of understanding between the two sides, in the context of strengthening partnership within a number of key sectors, including the exchange of a memorandum of understanding between the Anwar Gargash Diplomatic Academy, with the Education and Training Center in The Ministry of Foreign Affairs of the Republic of Indonesia, and the Minister of State, Ahmed bin Ali Al Sayegh, exchanged it with the Minister of Foreign Affairs of Indonesia, Retno Marsudi, and a memorandum of understanding between the Central Bank of the United Arab Emirates and the Bank of Indonesia, regarding cooperation in the field of payment systems and digital financial innovation, exchanged by the Governor of the Central Bank of the Emirates, Khalid Muhammad Balama Al-Tamimi, with the Minister of Foreign Affairs of Indonesia, Retno Marsudi.
In addition to a memorandum of understanding for mutual recognition of eligibility certificates for levels of training, certification and shift work for offshore personnel, the Minister of Energy and Infrastructure, Suhail bin Muhammad Al Mazrouei, exchanged it with the Indonesian Coordinating Minister for Maritime Affairs, General Luhut Binzar Pandjaitan.
A document of ratification of the Agreement for the Promotion and Mutual Protection of Investments, and an instrument of ratification of the revised Double Taxation Avoidance Agreement, were exchanged by the Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, and the Minister of Foreign Affairs of Indonesia, Retno Marsudi, who in turn also exchanged notes on amending the arrangement of the travel corridor. Safe with the Minister of State, Ahmed bin Ali Al-Sayegh.
A memorandum of understanding was exchanged between the two UAE-Indonesian export credit agencies, and Dr. Thani bin Ahmed Al Zeyoudi, Vice Chairman of the Board of Directors of the Etihad Export Credit Company, with the CEO of the Indonesian Agency, Benny Wauruto.
• Congruence of views and a common desire to discover more partnership opportunities between the UAE and Indonesia.
• The will of the political leadership in the two countries agrees to take the partnership to higher levels of coordination and interaction, to serve the interests of the two peoples.
Solar panel development
The two sides exchanged a cooperation and partnership agreement between “Mubadala Petroleum” and “PT Kelang Pertamina” industrial company, and the CEO of “Mubadala Petroleum”, Mansour Mohammed Al Hamed, with the CEO of the Indonesian company, Pertamina, Joko Briono, and an agreement on a development project was also exchanged. Solar panels between Masdar and Pertamina Renewable Energy, and they were exchanged by the CEO of Masdar, Muhammad Jamil Al Ramahi, with the CEO of the Indonesian company, Nikki Widyawati.
A memorandum of understanding was exchanged between the "G42" group, and a memorandum of understanding between "Hayat Biotech" and the "Biopharma" company.
strategic partnership
His Highness Sheikh Ahmed bin Saeed Al Maktoum, CEO of Emirates Group, exchanged with the Minister of State-Owned Companies in Indonesia, Arak Tahir, a memorandum of understanding on the strategic partnership between PT Garuda Indonesia and Emirates Airlines.
A memorandum of understanding was also exchanged on the joint investment framework agreement between the Indonesia Investment Authority and the Abu Dhabi Growth Fund, and the CEO of the fund, Khalifa Mohammed Al-Suwaidi, with the CEO of the authority, Reda Wirakusumah, who in turn also exchanged an agreement on a strategic alliance for port development with the President of Ports Dubai World, Sultan Ahmed bin Sulayem.
The most important emerging markets
Indonesia's economy is the largest economy in Southeast Asia, according to estimates by the World Bank, which expected that its economy would achieve strong growth of up to 4.4% this year, and may rise to 5% during 2022 with the decline in distrust rates in the world, and the expansion of The scope of vaccination campaigns against the emerging corona virus, while the Indonesian market holds promising opportunities, as it is one of the most important emerging markets around the world, while the World Bank ranks Indonesia in the tenth rank among the largest global markets in terms of purchasing power, where Indonesia is the fourth country in the world in terms of population , with a total population of more than 270 million.
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