UAE Investment Minister Agrees To Continue Investment Cooperation In Technology And Infrastructure Sector

Photo: Special

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto and Investment Minister of the United Arab Emirates (PEA) Mohamed Hassan Alsuwadi agreed to continue cooperation, especially investment in the digital economy, food and infrastructure.

This commitment is a follow-up to President Prabowo's visit to PEA on November 23, 2024, which resulted in several agreements with PEA.

One of them is the MoU in collaboration with Mubadala Energy in the Andaman Sea.

In addition, both parties have also begun exploring the possibility of investment from the PEA to Indonesia, through Special Economic Zones (SEZs), especially to build a Data Center ecosystem in Indonesia as well as infrastructure development through the National Strategic Project (PSN).

"The role of PEA will be very important to help create a strong and reliable Data Center ecosystem in Indonesia, through investment in several SEZs, such as SEZ Nongsa Digital Park (NDP) in Batam," he said in his statement, Thursday, February 13.

The NDP SEZ targets the construction of a Data Center in Indonesia with an investment target of 400 Mega Watts or USD 4 Billion.

Airlangga said that the SEZ Nongsa ecosystem is also focused on accommodated several projects related to scientific and technological developments, such as Semiconductors and AI.

In addition to investment plans in the technology sector, Airlangga and Mohamed also discussed plans for the construction of airport and port infrastructure, as well as mentioning plans for the construction of Giant Sea Wall along the northern coast of Java Island.

PEA's commitment to Indonesia's infrastructure development is a form of cooperation that will have a direct impact on the lives of the wider community. We really appreciate PEA's support to continue several infrastructure projects in PSN, and discuss plans for the development of Giant Sea Wall," Airlangga concluded.

As a form of this commitment, Mohamed, who also serves as CEO of the Abu Dhabi Developmental Holding Company (ADQ), the Abu Dhabi-based Sovereign Wealth Fund, which previously held meetings with various parties in Indonesia, also expressed interest in cooperation in the development of brownfield projects.