Jokowi hosts UAE delegation in new capital investment talks

TEMPO.CO, Jakarta President Joko “Jokowi” Widodo on Monday welcomed the United Arab Emirates (UAE) delegation during their visit to the presidential palace in Bogor in West Java. The meeting – which was also attended by the Minister in charge of the coordination of maritime affairs and investments, Luhut Pandjaitan – sees the United Arab Emirates committing to invest in the Indonesian mega project. new capital moving house.

As a follow-up to this meeting, Luhut said he will organize meetings with other ministers of state to determine which sector will be invested by the principality.

“I think the meeting was very fruitful and essential. We are all delighted with this progress,” Luhut said in a March 7 written statement.

The investment itself will be under the Indonesian Investment Authority where the president had charged with finalizing the bilateral partnership.

The UAE delegation present at the meeting was Minister of Energy and Infrastructure Suhail Mohammed Al Mazroei, UAE Ambassador to Indonesia Abdulla Salem Obaid Salem Al Dhaheri and Managing Director of Group 42 Ltd Peng Xiao .

Nusantara’s new investment capital was just one of many topics discussed at the meeting. The delegates also announced the invitation of Crown Prince Mohammed bin Zayed to attend the ratification of a bilateral trade agreement between Indonesia and Abu Dhabi which is expected to take place at the end of this month.

As reported earlier, the Indonesian government has stated that it will need at least Rp 466.9 trillion to achieve the new capital city ​​project with 20% of the total budget expected to come from the state budget while the rest is expected to come from foreign investment.

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