President Jokowi Encouraged to Optimize Major UAE Investment

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Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - The government has been urged by economists to create an economic masterplan after President Joko “Jokowi” Widodo’s visit to the United Arab Emirates (UAE) on Monday attracted an investment of Rp314 trillion. 

    Permata Bank economist, Josua Pardede, suggested the government to establish a matching post with the UAE as he believes it would answer the two countries’ needs. 

    “The expectation from investors will also get bigger, and this high expectation will not just become bare [plans],” said Josua on Monday, January 13. 

    Furthermore, he said the investment committed by the UAE is a major opportunity and must be used to improve the country’s economy amid a sluggish global economic trend. Josua said Indonesia must be able to offer the UAE a number of projects in other sectors apart from the construction of the new capital city in Kalimantan. 

    “This is a great opportunity to increase oilfield investments apart from the construction of Indonesia’s new capital city. However, this must be adjusted with the investor’s interests,” said the economist. 

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