UAE’s Elite Agro invests in Indonesia

Via, a report on a new Emirati investment in Indonesia:

Abu Dhabi producer Elite Agro is reportedly set to invest in Subang, in Indonesia’s West Java province, according to a report from CNBC Indonesia.

Indonesian Foreign Minister Retno Marsudi said the plan was a continuation of the growing bilateral cooperation between Indonesia and the UAE.

‘In the agricultural sector, Elite Agro has an agribusiness investment plan in Subang, West Java,’ he said, ‘which is expected to be realised as soon as possible.’

Indonesia’s Minister of State-Owned Enterprises (BUMN), Erick Thohir, said that the aim was to boost food security in the country and improve the quality of domestically grown products to give them export value, with a view to exporting to countries in Africa and the Middle East.

‘We see that there is a large market potential, not only in Indonesia and the UAE, but the UAE is a distribution centre for Africa and the Middle East,’ said Thohir. ‘We want to make sure the standardisation is good. This is what we lack in producing food products. We are still inferior to neighbouring countries. So, through cooperation with the UAE, we want to increase the quality of food production while at the same time securing food needs in Indonesia.’

Thohir also pointed out that the two countries would be working together to explore renewable energy sources, including solar.

In January, Abu Dhabi-based retailer Lulu Group International signed an agreement with the West Java government to take on approximately 1,500 workers from the province in its hypermarkets worldwide, as well as providing training and technical assistance and improving labour skills.

This entry was posted on Friday, September 9th, 2022 at 2:01 pm and is filed under Uncategorized.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.

About This Blog And Its Author
Seeds Of A Revolution is committed to defining the disruptive geopolitics of the global Farms Race.  Due to the convergence of a growing world population, increased water scarcity, and a decrease in arable land & nutrient-rich soil, a spike of international investment interest in agricultural is inevitable and apt to bring a heretofore domestic industry into a truly global realm.  Whether this transition involves global land leases or acquisitions, the fundamental need for food & the protectionist feelings this need can give rise to is highly likely to cause such transactions to move quickly into the geopolitical realm.  It is this disruptive change, and the potential for a global farms race, that Seeds Of A Revolution tracks, analyzes, and forecasts.

Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has long held a keen interest in natural resource policy and the geopolitical implications of anticipated stresses in the areas of freshwater scarcity, biodiversity reserves & parks, and farm land.  Monty has lived, worked, and traveled in more than forty countries spanning Africa, China, western Europe, the Middle East, South America, and Southeast & Central Asia, and his personal interests comprise economic development, policy, investment, technology, natural resources, and the environment, with a particular focus on globalization’s impact upon these subject areas.  Monty writes about freshwater scarcity issues at and frontier investment markets at