UAE & Indonesia signed Declaration of Intent to Boost Economic Development

According to sharjah24, the UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources have signed a Declaration of Intent to boost the economic and social development between the two countries and exchange knowledge and data in the energy sector.

The Declaration includes a formation of teamwork in the energy sector between the UAE and Indonesia, that will aim to develop cooperation in the energy and mineral resources sectors between the government entities and government-owned companies as well as support the cooperation between the private sectors in the two countries.

Moreover, the collaboration will include developing the electricity system, power stations, oil, and gas, developing the clean and renewable energy sectors, encouraging investment and commercial activities in the energy and mineral resources sectors and establishing joint projects.

Furthermore, the agreement will include developing the technology of energy (Carbon storage, Carbon capture and storage, Nature-based solution, Biofuel), exchanging data in the energy and mineral resources development, including the laws, regulations and policies, and cooperation in holding workshops and sessions.