UAE, Indonesia Invigorate Economic Relations

UAE flag with Indonesian flag, .

Jakarta, (MINA) – A visit paid recently by a delegation representing the Federation of UAE Chambers of Commerce and Industry (FUCCI) to Indonesia has resulted in tangible results that will reflect positively on the growing partnerships between the business communities in the two countries, WAM reported.

The visit included meetings with representatives of the public and private sectors in the Asian country where the two sides thrashed out best ways to stamp out all obstacles faced by UAE investors in terms of legislation and laws that ensure an investment-conducive environment, according to Mohammed Ahmed Al Nuaimi, Assistant Secretary General of the FUCCI.

“Opening up fresh channels of dialogue and coordination with Indonesia has been quite important to streamline investment inflows to this country which boasts a highly significant economic leverage being a main gate to Asia and member of G20 and ASEAN,” he noted in statements at the UAE -Indonesia Investment Forum which grouped together delegations of the FUCCI with representatives of the Indonesian private and public sector.

He noted that UAE is among the key markets for Indonesia’s exports and vice versa, affirming ample growth prospects in bilateral relations on the back of the immense potential boasted by the two sides.

He pointed out that the UAE delegation’s visit is aimed at obtaining precise data on ways of establishing businesses in Indonesia and the legislation in place pertaining to a set of issues, including land ownership, taxation, key investment areas, business prospects available for UAE investors besides identifying major obstacles and ways to forge efficient solutions thereto.

The UAE delegation during the forum shed extensive light on Abu Dhabi Economic Vision 2020 and paid field visits to several business landmarks in Jakarta, including UAE Mubadala Petroleum’s premises in the Indonesian capital where they got firsthand experience of the company’s oilfield operations under its concessions in Indonesia. (T/RS5/RS1)

Mi’raj Islamic NewsAgency (MINA)