UAE, Indonesia boost ties with $9.7b deals signed.

• Position: United Arab Emirates

Corporate giants of the UAE and Indonesia sealed agreements worth $9.7 billion on Wednesday as His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, embarked on a historic state visit to the Southeast Asian country.

The UAE corporates include Abu Dhabi National Oil Company (Adnoc), Abu Dhabi investment company Mubadala and Dubai-based global ports operator DP World.

All agreements were signed in the presence of Sheikh Mohamed and Joko Widodo, President of Indonesia. Adnoc's deal with a potential value of $2.5 billion was with Indonesia's energy company PT Pertamina to explore opportunities for collaboration across the oil and gas value chain in the UAE, Indonesia and globally.

Mubadala and Austrian energy firm OMV sealed a deal with a potential value of $6 billion with Indonesia's Chandra Asri Petrochemical to explore opportunities in petrochemicals, while DP World and Indonesia's Maspion Group signed an agreement to develop a container...