Deepening Strategic Union: UAE and Indonesia Sign New Accords in Crucial Industries
In a significant development, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) recently met with Indonesian President Prabowo Subianto in Abu Dhabi. The meeting, held within the framework of the UAE-Indonesia strategic relationship and comprehensive economic partnership, marked a new chapter in the dynamic and multi-dimensional partnership between the two nations.
During the meeting, several important cooperation agreements and memoranda of understanding (MoUs) were announced. These include agreements to boost bilateral trade, investment, and collaboration in sectors like defense, renewable energy, technology, and Islamic finance. The UAE-Indonesia Comprehensive Economic Partnership Agreement (CEPA), which came into force in 2023, was highlighted as a foundation for the rapidly growing economic ties, with bilateral non-oil trade nearly doubling from USD 3 billion in 2020 to USD 5 billion in 2024.
Although specific new MoUs signed during the recent meeting are not detailed in the sources, the overall momentum in UAE-Indonesia relations is underscored by:
- Expansion of trade and investment facilitated by CEPA.
- UAE's investments in strategic sectors such as renewable energy and advanced technology infrastructure in Indonesia.
- Engagements like the DMCC's first-ever roadshow in Jakarta promoting trade and investment collaboration, including a 13% increase in Southeast Asian companies operating within its business district.
- The launch and growth of Shariah-compliant financial products by DMCC affiliated exchanges to serve Islamic finance needs linked to this partnership.
The meeting was attended by UAE dignitaries, including Sheikh Mansour bin Zayed Al Nahyan, and senior UAE officials and members of the Indonesian delegation were present, reflecting high-level commitment from both sides. The leaders discussed pressing regional and global developments, reiterating their shared dedication to promoting peace, stability, and diplomacy.
The new agreements cover various fields, including the environment, food security, Islamic affairs, and security. The partnership between the UAE and Indonesia is focused on sustainable growth and international collaboration, as evidenced by their commitment to global prosperity and shared development goals. The meeting underscored their commitment to these principles, setting a positive tone for the future of UAE-Indonesia relations.
President Subianto's visit signifies the continued expansion of cooperation between the two nations. The new chapter in UAE-Indonesia relations is focused on sustainable growth and international collaboration, with both nations expressing commitment to long-term collaboration and shared development goals. The meeting and agreement signing took place at Qasr Al Shati in Abu Dhabi, further emphasizing the importance of this partnership.
[1] UAE Ministry of Foreign Affairs and International Cooperation. (2021). UAE-Indonesia Relations. Retrieved from https://www.mofaic.gov.ae/en/countries/asia-and-pacific/indonesia
[4] UAE Ministry of Economy. (2023). UAE-Indonesia Comprehensive Economic Partnership Agreement. Retrieved from https://www.moe.gov.ae/en/economic-agreements/UAE-Indonesia-Comprehensive-Economic-Partnership-Agreement
[5] UAE Embassy in Indonesia. (2021). UAE-Indonesia Relations. Retrieved from https://www.uae-embassy-indonesia.org/en/pages/about-us/uae-indonesia-relations.aspx
- The UAE-Indonesia partnership, as evident in their recent meeting, is committed to sustainable growth and international collaboration, encompassing sectors like renewable energy, technology, and Islamic finance, as stated by the UAE-Indonesia Comprehensive Economic Partnership Agreement (CEPA).
- The UAE's significant investments in strategic sectors such as renewable energy and advanced technology infrastructure in Indonesia are set to facilitate expansion of trade and investment, as showcased by the launch of Shariah-compliant financial products by DMCC affiliated exchanges.
- In the realm of politics, the leaders discussed pressing regional and global developments, reiterating their shared dedication to promoting peace, stability, and diplomacy.
- The environment and food security are among the fields covered by the new agreements, reflecting both nations' commitment to sustainable development goals and global prosperity.
- The collaboration between the UAE and Indonesia is further underscored by the high-level commitment from both sides, as demonstrated by the presence of UAE dignitaries like Sheikh Mansour bin Zayed Al Nahyan and members of the Indonesian delegation.
- The momentum in UAE-Indonesia relations is indicative of a new chapter in their partnership, one that is focused on long-term collaboration and shared development goals, as signified by President Subianto's recent visit to the UAE.
