Deals between Indonesia and UAE may boost MICE opportunities

Indonesia signs 11 business agreements with United Arab Emirates worth US$23 billion

The deals between Indonesia and UAE are worth US$23 billion.

JAKARTA - Planners with interest in the Indonesian and Middle Eastern MICE markets will be pleased to know there is great potential for hosting business events in Indonesia and United Arab Emirates this coming year.

On Jan 13, Indonesia President Joko Widodo announced that Indonesia signed 11 business deals with the United Arab Emirates worth a combined 314.9 trillion rupiah (US$23 billion) covering various industries and sectors.

The inter-government agreements involve deals in the petrochemicals, education, health, agriculture and security sectors.

President Widodo witnessed the signing of the deals with Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed over the weekend during an official visit to Abu Dhabi, he said.

President Widodo, who began his second term in office in October, is keen to boost foreign investment to help create jobs and boost growth in Southeast Asia's biggest economy where economic growth has been stuck at around 5% for several years.

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