UAE-Indonesia trade surged 26.4%
Bilateral trade between the UAE and Indonesia increased by 26.4 per cent in 2011, while investment commitment has multipled to more then $11 billion over the past three years, according to the Indonesian ambassador to the UAE.
Total bilateral trade in 2011 was $2.5 billion, ambassador Salman Al Farisi was quoted as as saying by Dubai-based Gulf News. In the first quarter of 2012, bilateral trade already has reached $700 million.
Indonesia mainly imports oil and petrochemical products from the UAE, while the exports from the Southeast Asian nation to the UAE include textiles, rubber products, vehicles and palm oil.
UAE investments in Indonesia
UAE investment in Indonesia is focusing on sectors such as ports, mining, real estate and hospitality. Jumeirah Group of Dubai has recently announced a $150 million investment into a new luxury resort in Bali, see Inside Investors’ report.
Drydocks World, a subsidiary of industry conglomerate Dubai World, operates three shipyards in Indonesia. UAE property firms Emaar and Limitless have various real estate projects in Indonesia (of which Emaar’s hotel project in Lombok has been put on hold).
Abu Dhabi Investment Authority last year has expressed interest in an aluminium smelter plant in West Kalimantan at an investment value of $4.5 billion. Mubadala has said it want to invest about $1.2 billion into the infrastructure industry in Indonesia. Ras Al Khaimah Minerals is to invest into an aluminim smelter and a coal processing plant in Kalimantan together with India’s National Aluminium Company (Nalco). Both companies in a joint venture are planning to invest $3 billion to build an aluminum smelter, along with a coal terminal, a steam power plant and a railway station to be finished by 2014.
Another UAE company plans to build a tyre plant at total investment of $90 million, and another wants to invest $100 million into a crude palm oil refinery, according to Mansyur Pangeran, Indonesia’s consulate general in Dubai.
Bilateral trade between the UAE and Indonesia increased by 26.4 per cent in 2011, while investment commitment has multipled to more then $11 billion over the past three years, according to the Indonesian ambassador to the UAE. Total bilateral trade in 2011 was $2.5 billion, ambassador Salman Al Farisi was quoted as as saying by Dubai-based Gulf News. In the first quarter of 2012, bilateral trade already has reached $700 million. Indonesia mainly imports oil and petrochemical products from the UAE, while the exports from the Southeast Asian nation to the UAE include textiles, rubber products, vehicles and palm oil....
Bilateral trade between the UAE and Indonesia increased by 26.4 per cent in 2011, while investment commitment has multipled to more then $11 billion over the past three years, according to the Indonesian ambassador to the UAE.
Total bilateral trade in 2011 was $2.5 billion, ambassador Salman Al Farisi was quoted as as saying by Dubai-based Gulf News. In the first quarter of 2012, bilateral trade already has reached $700 million.
Indonesia mainly imports oil and petrochemical products from the UAE, while the exports from the Southeast Asian nation to the UAE include textiles, rubber products, vehicles and palm oil.
UAE investments in Indonesia
UAE investment in Indonesia is focusing on sectors such as ports, mining, real estate and hospitality. Jumeirah Group of Dubai has recently announced a $150 million investment into a new luxury resort in Bali, see Inside Investors’ report.
Drydocks World, a subsidiary of industry conglomerate Dubai World, operates three shipyards in Indonesia. UAE property firms Emaar and Limitless have various real estate projects in Indonesia (of which Emaar’s hotel project in Lombok has been put on hold).
Abu Dhabi Investment Authority last year has expressed interest in an aluminium smelter plant in West Kalimantan at an investment value of $4.5 billion. Mubadala has said it want to invest about $1.2 billion into the infrastructure industry in Indonesia. Ras Al Khaimah Minerals is to invest into an aluminim smelter and a coal processing plant in Kalimantan together with India’s National Aluminium Company (Nalco). Both companies in a joint venture are planning to invest $3 billion to build an aluminum smelter, along with a coal terminal, a steam power plant and a railway station to be finished by 2014.
Another UAE company plans to build a tyre plant at total investment of $90 million, and another wants to invest $100 million into a crude palm oil refinery, according to Mansyur Pangeran, Indonesia’s consulate general in Dubai.
