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The UAE will develop a $ 500 million tourist resort in Aceh, Indonesia

JAKARTA: The UAE needs to develop several major infrastructure projects in Indonesia, including a multi-million dollar tourist resort in its westernmost province of Aceh, confirmed the best ministers from the Emirate and Indonesia.

A number of business agreements between the two countries were signed during UAE Energy and Infrastructure Minister Suhail Al-Mazrui’s visit to Jakarta on Friday. The agreements are part of a $ 22.9 billion deal signed during Indonesian President Joko Widodo’s visit to Abu Dhabi in January last year. The investment deal, which also covers energy, infrastructure and mining, is considered the largest in Indonesia’s history.

The tourist resort development project, which Indonesia̵

7;s Minister of Maritime Affairs and Investment Coordination Luhut Panjitan is estimated at between $ 300m and $ 500m, is expected to launch in the Aceh Singkil district in May.

Aceh, a semi-autonomous province on the northwestern tip of Sumatra, is the only Muslim-majority region in Indonesia that imposes Sharia law.

“I think within two months we can see the progress of this project in the Sinqil region,” Panjitan said during a joint conference with Al-Mazrui.

Although authorities did not disclose further details, in response to a question from Arab News, al-Mazrui said some islands off the main coast of Aceh had been identified as the resort.

“We hope that the team will finalize it and then move on to the next stage of some final agreements,” he said.

The project agreement was signed by Aceh Governor Nova Irianxia and Amin Abide, CEO of Murban Energy, a UAE company whose investment portfolio includes the development of luxury resorts in the Maldives and Seychelles.

According to Indonesian Ambassador to the UAE Hussein Bagis, one of the reasons for developing the project in Aceh is that it is only a five-hour flight from the UAE. He said Abide had visited nine islands in the Aceh Singkil neighborhood that were on the project list.

Among the agreements reached in Jakarta, which al-Mazroui said were a follow-up to Abu Dhabi’s signing last year, was a deal for the UAE logistics company Dubai Port (DP) World and Indonesia’s Maspion group to develop a port and industrial zone. in Gresik, East Java.

Other deals signed on Friday, Panjitan said, include an agreement between Indonesia’s state-owned arms manufacturer Pindad and the UAE’s small arms manufacturer Caracal to develop assault rifles, unmanned aerial vehicles and defense technology.

LuLu Group International is also expected to enter the country from Southeast Asia, as its president-director also signed a lease on Friday to open a hypermarket on the outskirts of Jakarta.

Minister Al-Mazrui hinted that other deals could follow the newly forged economic ties between the UAE and Indonesia.

“Some new deals have been considered that have not been discussed before and that is the nature of the relationship,” he said.

Al-Mazrui is the first high-level civil servant from the UAE to visit Indonesia since the signing of a bilateral agreement on a safe travel corridor last July.

He and members of his delegation are in Indonesia to attend a series of events during the Indo-Emira Amazing Week, held in Jakarta, Solo, Bandung and Surabaya on March 1-8.

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