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Some 16 memorandums of understanding (MoUs) were signed at the UAE Business Forum in Bali, Indonesia, during the annual G20 meeting.
The MoU includes deals between G42 and its subsidiaries Presight.ai and G42 Healthcare, and Indonesian healthcare artificial intelligence company Asaren, while Burjeel Holding Group signed a memorandum of understanding to develop medical facility.
Etihad Airways, GAL/AMMROC and Sanad have signed a memorandum of understanding for aircraft maintenance. BarQ EV and Lahab signed MoUs on electric vehicles and defense respectively.
indonesian goals
Seven more memorandums of understanding were signed around the cooperation to host the 2023 Annual Investment Conference in Indonesia in 2023.
The forum brings together business leaders from both countries to discuss emerging opportunities for business cooperation. It was one of the first major investment meetings since the signing of the UAE-Indonesia comprehensive partnership agreement in July, which is likely to be ratified in the coming weeks.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ahmed Ali Al Sayegh, Minister of State, and Luhut Binsar Pandjaitan, Coordinating Minister of Maritime Affairs and Investment of Indonesia, joined a group of senior officials, business leaders, representatives of companies and business organizations from the UAE and Indonesia.
network platform
The forum in Indonesia aims to be a platform for networking and exchanging experiences between the UAE and Indonesian business communities. It also seeks to explore trade and investment opportunities under the forthcoming Comprehensive Economic Partnership Agreement.
Dr Al Zeyoudi said: “The UAE-Indonesia relationship has been strong since its inception, but has grown stronger in recent years as constructive partnerships have been established in important areas. Today’s MoU demonstrates our comprehensive economic partnership agreement How to breathe more life into our business relationship.”
He said the boom in UAE-Indonesia relations is reflected in the growth of non-oil trade to a record US$2.8 billion in the first nine months of 2022, a 33% increase from the same period in 2021 and a record high of 104% compared to the same period in 2020 . The UAE is one of Indonesia’s top 20 trading partners and its second largest in the Arab world, while investment agreements signed between the two parties are worth more than $32 billion. 2019.
consolidate common interests
Al Sayegh said: “The UAE is keen to strengthen ties of constructive cooperation and consolidate mutual interests with Indonesia, South Asia’s largest economy, especially since such cooperation augurs promising prospects and constitutes a source of economic and technological strength for the entire Islamic world. “
“The benefits of the UAE Business Forum, the MoU signed today and the Comprehensive Economic Partnership agreement will bring incredible opportunities to the business communities of both countries,” said Pandjaitan.
Copyright 2022 Al Hilal Publishing and Marketing Group, courtesy of SyndiGate Media Inc. (Syndigate.info).
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