Al Habtoor Group discusses potential business opportunities with Indonesia

Press release

Published October 14th, 2012 - 09:16 GMT

During the visit

A delegation from Indonesia met with senior members of the Al Habtoor Group on Wednesday October 10, 2012 to discuss bilateral ties and potential business opportunities.

Salman Al Farisi, Indonesian Ambassador to the UAE; Fajar Nuradi, Consul, Consulate General of the Republic of Indonesia and Cahyo Purnomo, Head of Indonesia Investments Promotion Centre (IIPC) of Abu Dhabi met with Al Habtoor Group executives Mohammed Fadhel Al Mazrooei, Managing Director; Paul Rayner, Adviser to the Chairman; KP Rajan, Group Financial Advisor; and Sanjeev Agarwala, Director Strategy & Business Development.

The delegation said the Indonesian government is impressed with the economic activity in the United Arab Emirates as well as Al Habtoor Group’s practices. It is keen to develop business links between the two countries and further increase ties. In the first quarter of 2012 bilateral trade between Indonesia and the UAE reached $700 million. Oil and petrochemicals are the major imports from the UAE to Indonesia.

Mohammed Fadhel Al Mazrooei said, “The Al Habtoor Group is exploring potential investment opportunities in the Asia-Pacific region, including in Indonesia, where the country is experiencing economic growth. Indonesia remains one of the fastest growing and most stable economies in Asia.”

Gross domestic product in Indonesia grew a better-than-expected 6.4 per cent in the second quarter compared to a year earlier. This was due to strong domestic consumption and increased foreign direct investment.

Background Information

Al Habtoor Group

The Al Habtoor Group has grown with the United Arab Emirates. What started out as a small engineering firm in 1970, is today one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and internationally due to the vision of its Chairman, Khalaf Ahmad Al Habtoor.