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Indonesia, UAE agree business deal worth nearly $23 billion

Christian Fernsby |
Indonesia and the United Arab Emirates (UAE) today agreed on a business deal involving a total investment of up to 314.9 trillion Indonesian Rupiah ($22.89 billion), according to the presidency.

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Topics: INDONESIA    UAE   

The agreement was reached on Sunday during a meeting between visiting Indonesian President Joko Widodo and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed at the Qasr Al Watan Palace in the UAE capital, the presidency said in a statement.

The pact included business deals on energy, oil and gas, ports, telecommunications and research.

They also agreed on five intergovernmental cooperation deals in various fields: religion, education, agriculture, health and counter-terrorism, according to the statement.

Widodo hailed the progress in ties between the two countries, saying Jakarta wanted to make Abu Dhabi a partner in modern, moderate and tolerant Islamic education.

"This is very important step in preventing extremism and terrorism," he added.

For his part, bin Zayed said relations between the two countries could still be improved.

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