Indonesia will be flooded with investment of IDR 637.7 trillion from the UAE – The Minister of Investment/Head of BKPM Bahlil Lahadalia revealed many investment commitments that will enter after the government goes on safari to various countries in Europe to the United Arab Emirates (UAE).

Bahlil said that the UAE has even committed to invest a huge amount of USD 44.6 billion or equivalent to IDR 637.7 trillion into the country.

“Our United Arab Emirates has signed USD 44.6 billion there, this is not the number of crackers cans,” Bahlil said at a press conference, Thursday (11/11/2021).

However, continued Bahli, not all of the funds were held by the government. Part of the funds will be managed by
Indonesia Investment Authority (INA) which will be channeled for infrastructure development.

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“Indeed, from this figure there are some that will be handled by INA, approximately USD 18 billion,” he said.

The former Chairperson of Hipmi said the remaining funds would be used for development in various sectors, starting from infrastructure, agriculture, medical devices, data centers, downstream mining and then new and renewable energy (EBT).

Bahlil claimed, the inclusion of investment commitments from the UAE was due to the Job Creation Act, which made investors’ trust even better.

“This means that a sense of certainty, transparency, efficiency and speed is starting to occur. Indeed, this is not an easy job. This is a very urgent job that must be done together to change public perceptions, it is difficult,” concluded Bahlil.

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Source: – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by

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