UEA Announces Investment Plans for Vaccine Factory in Indonesia

UMMATIMES - United Arab Emirates (UAE) Energy and Infrastructure Minister Suhail Al-Mazrouei said his country would invest in the construction of a COVID-19 vaccine production facility in Indonesia. He said there had been a tremendous surge in economic relations between the UAE and Indonesia, especially over the last ten years.

Regarding new opportunities for investment, he said that currently his country is moving towards new sectors in Indonesia, such as renewable energy, strategic and military manufacturing, production of the COVID-19 vaccine, agriculture, food security, digital education, tourism and the creative economy.

"There are also new agreements and contacts between the two countries, and we hope that strategic and vital projects in these sectors will come to fruition soon," Al-Mazrouei was quoted as saying by Arab News, Tuesday, April 13, 2021.

According to him, the UAE has announced an investment of US $ 10 billion with the Indonesian Investment Authority to be used in strategic projects and sectors

Al-Mazrouei said that currently the UAE has a number of promising projects that will strengthen bilateral relations into a comprehensive and sustainable strategic relationship.

"We in the UAE are eager to ensure that our investments are in areas that contribute to providing infrastructure and daily services to make a difference for Indonesian citizens in their daily activities," he said.

He conveyed all of Al-Mazrouei's statements after Indonesian President Joko Widodo or Jokowi immortalized the Crown Prince of Dubai and Supreme Commander of the UAE Ground Forces Mohammed bin Zayed as the name of the Jakarta-Cikampek elevated toll road.