Expo 2020 Dubai Ends, Indonesian Pavilion Successfully Received USD 34.88 Billion Trade & Investment Deal

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DUBAI, UAE, 19 April 2022 /EINPresswire.com/ — Expo 2020 Dubai, which officially ended in March, also marked the closing of the Indonesia Pavilion at the prestigious five-year event. Director General of National Export Development of the Ministry of Commerce and Commissioner General of the Indonesian Pavilion, Didi Sumedi, revealed through the country’s miniature exhibition that Indonesia has succeeded in opening up many opportunities to improve the economy. including obtaining trade and investment potential of $34.88 billion from several business forums.

“Six months of Expo 2020 Dubai has been an opportunity for Indonesia to showcase the nation’s potential and the many achievements we have successfully made. We should also be proud because this event also opens the eyes of people around the world to visit a country rich in culture. and natural beauty,” Didi said.

Didi continued, these various achievements are due to holding innovative activities at the Indonesia Pavilion for 26 weeks of participation in Expo 2020 Dubai. The Indonesian pavilion successfully presented investment opportunities through 193 activities, such as business forums, one-on-one meetings and seminars for the Middle East market and the world. In addition, more than 650 SME products were exhibited to make local Indonesian products more recognized and capable of boosting exports. Various cultural performances are presented every day to add excitement and make visitors from all over the world more interested in Indonesia.

Realizing Indonesia’s trade and investment potential at Expo 2020 Dubai
Indonesia’s participation in Expo 2020 Dubai has resulted in extraordinary achievements, ranging from transactions and potential orders of $2 billion from business forums and business matchmaking activities.

During President Jokowi’s visit on November 4, 2021, 19 trade and investment cooperation agreements worth US$32.7 billion under business-to-business (B2B) and government-to-government (G2G) programs were also signed. The agreement covers the promotion of national investments, taxation, cooperation between central banks, validation of vaccines, digital platforms to facilitate mobility, tourism, certified and progressive training of crew members, the education and training of diplomats and management of mangroves.

Another trade deal that Indonesia has managed to secure under business matching was the signing of 4 MoUs in November 2021 through trade mission activities worth 180 million USD/volume for gold jewelry products for one year. In addition, there was the signing of a Memorandum of Understanding for construction projects in the United Arab Emirates and the commercialization of Indonesian palm oil products in the Middle East region.

In addition, investors from the Middle East and other countries are also interested in IKN projects, SEZ development and infrastructure, renewable energy, agriculture, education and culture, as well as to communication and information technologies which attract many investment opportunities.

The day before the Indonesian pavilion was closed, Indonesia also signed a trade agreement with Lulu Hypermarket, which is expected to help small industries and SMEs, especially with regard to Indonesian halal products, to continue to increase exports to the Middle East market. On the closing day, the Indonesian pavilion also signed the Memorandum of Understanding for strategic cooperation between EGA and INALIUM, the leading manufacturing companies of the United Arab Emirates and Indonesia.

Excitement at the Indonesia Pavilion Closing Ceremony
The Indonesia pavilion was closed with an extraordinary cultural spectacle. Indonesia’s diverse achievements from the groundbreaking activities of the 26 weeks of Expo 2020 Dubai are showcased in a special kaleidoscope video. Cultural performances are presented from Jaipong dance and Bali Pesona dance performed by the Ministry of Tourism and Creative Economy. Additionally, the Indonesia pavilion will also be enlivened with various folk dances and songs.

“The closure of the Indonesian pavilion is a sign that we have all succeeded in fulfilling our mandate to give the best for Indonesia. We hope that all the achievements made can further expand Indonesia’s opportunities to advance the national economy,” Didi said.

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