Prabowo-UAE's MBZ Talks Result in Energy, Dairy Investment Deals
Jakarta. President Prabowo Subianto’s recent talks with his Emirati counterpart Mohamed bin Zayed Al Nahyan had resulted in a series of deals, some expected to help Indonesia boost dairy production and ditch coal power.
The Emirati leader, popularly known by his initials MBZ, hosted Prabowo at Abu Dhabi’s Qasr Al Shati Palace on Wednesday local time. According to the presidential press bureau, Prabowo did not leave the palace empty-handed, as Indonesia secured some fresh deals with the United Arab Emirates (UAE).
Indonesia’s Agricultural Ministry and Emirati dairy giant Al Ain Farms had signed a memorandum of understanding (MoU) on a milk production investment. State-run electricity company PLN has also teamed up with Abu Dhabi renewable energy company Masdar to build a 100-megawatt floating solar plant in West Java’s Jatigede Dam in a new MoU. According to the press bureau, both sides have agreed to increase the capacity of the Cirata floating photovoltaic plant -- another project run by PLN and Masdar.
The Jakarta Globe has tried to reach out to both PLN and the Agricultural Ministry for comments. More details regarding the deals mentioned above would likely be announced later.
The Cirata project has often been hailed as one of, if not the biggest, Emirati investment in Indonesia to date. Ex-President Joko "Jokowi" Widodo launched the 195-megawatt peak plant in 2023. Located in West Java, it becomes Southeast Asia's first floating solar plant. PLN Nusantara Renewables, a subsidiary of the utility firm, holds a 51 percent stake in the project, while the remaining 49 percent belongs to Masdar. Reports show that the Cirata plant boasts an investment value of $145 million.
As for the dairy deal, Indonesia has been in talks with foreign partners to boost its milk production. Indonesia aims to import 200,000 dairy cattle this year as the demand for higher quality milk increases following Prabowo’s massive schoolmeal rollout. Indonesia lets foreign companies invest in its domestic cattle farming, so the country can boost production without burdening the state spending.
The UAE invested $32.7 million in Indonesia throughout 2024, the government reported. The Emirati investment went to 476 projects that year. Not long after meeting MBZ, Prabowo made a brief comment on the bilateral talks, although he did not go into detail on the signed MoUs.
“He [MBZ] expressed his intent to visit Jakarta. I told him that our country would gladly welcome him at all times,” Prabowo told reporters.
Tags: Keywords:Related Articles
PLN Urged to Prevent Blackouts to Protect Investor Confidence
Recurring blackouts can deter investment in Indonesia, experts say as Suroso leads state utility firm PLN.Prabowo Orders PLN Overhaul, Acceleration of 100 GW Solar Power Plan
Prabowo orders Danantara to review PLN's business model and accelerate a 100 GW solar power plan to improve efficiency and reliability.Power Restored in Eight Batam Areas After Hours-Long Blackout
Power has returned to eight areas of Batam after hours-long blackout disrupted public services, while the cause remains under investigationData Center Power Demand to Reach 25,297 MW by 2034, PLN Says
Indonesia’s data center power demand could reach 25,297 MW by 2034, with 99% of current capacity concentrated in the Java-Bali grid.Indonesia Disburses $18.7 Billion in Energy Subsidies, Compensation
Indonesia disbursed Rp 331.4 trillion in energy subsidies and compensation to PLN and Pertamina as of August, up 52.1% year-on-year.El Nino Cuts South Sulawesi Hydropower Capacity by 600 MW, PLN Says
El Nino has cut hydropower capacity in South Sulawesi by 600 MW, prompting PLN to prepare an additional 627 MW of supply.Let PLN Rent Out the Grid It Already Owns
Indonesia can unlock billions in solar investment by letting companies lease PLN’s grid to buy renewable power directly.Prabowo Targets 30 GW of Solar Power This Year, 100 GW in Four Years
Prabowo targets 100 GW of solar power in four years, a more than 60-fold increase from Indonesia’s current 1.5 GW capacity.UAE Explores Investment Opportunities in Palu SEZ
The UAE is exploring investment opportunities in Palu Special Economic Zone following a visit by its ambassador.Police Launch $278 Million Coal Supply Corruption Probe Linked to Power Outages
Police have launched an investigation into alleged coal supply corruption blamed for $278 million in state losses and power outages.The Latest
Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development
Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026
AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996
Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.Most Popular
