TAG 91.1

TAG STEADY NA
Burn
Tina Arena

Listen To TAG 91.1

UAE signs AED 35 billion of deals with Indonesian firms

Thursday, 25 July 2019 05:59

Aerial photo of South Jakarta Central Business District (123RF / XIMAGINATION)

UAE companies have signed AED 35 billion worth of business deals with Indonesian firms.

The agreements were reached on the sidelines of the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces to Jakarta.

Abu Dhabi-based Mubadala Investment Company has signed a three-way Memorandum of Understanding with Asri Petrochemical and OMV to explore opportunities worth up to AED 22 billion.

The Abu Dhabi National Oil Company (ADNOC) has signed a AED 9 billion agreement with Indonesia's Pertamina in oil and gas exploration and development.

Dubai's DP World has agreed to build a AED 4.4 billion logistics park and port facility in East Java with Indonesia's Maspion Group.

More from Business

Trade through Dubai’s Hatta crossing surges 175%

Dubai’s Hatta Customs Crossing recorded a major increase in trade during the first half of 2026, with the value of goods passing through the crossing rising 175 per cent year-on-year.
AED 11.6 million in licence penalties waived for Abu Dhabi businesses

The Abu Dhabi Registration Authority (ADRA) says more than 7,800 businesses have benefited from an initiative waiving fines for late renewal of economic licences.
UK's Jaguar Land Rover to cut 4,000 jobs over next two years

British luxury carmaker Jaguar Land Rover said on Monday it would cut around 4,000 jobs globally over the next two years as part of a broader plan to reduce costs and improve competitiveness.
Salik renews tolling technology deal for five years

Salik has renewed its tolling technology contract for Dubai's road toll system with US company TransCore for another five years, extending a partnership that dates back to 2006.
Volkswagen flags 50,000 job cuts across group

Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.

Recently Played

Burn
Tina Arena
Mind Over Matters Of The Heart
Restless Heart
If I'm Not In Love
Kathy Troccoli

Latest Blogs

Pinoy Tribe with UAE MTB Jumeira
Pinoy Expat Corner

Why did they choose mountain biking as their sport? What makes mountain biking different from regular road cycling?
Pinoy Bulletin - September 07 - 11, 2026
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Tribe with Samahang Ilokano 61892
Pinoy Expat Corner

Why is it important for them to preserve Ilokano culture and traditions even while living far from the Philippines?