Indonesian Vice President visits Jebel Ali Port and Free Zone

Senior officials from DP World and Economic Zones World, including officials from Jafza were present during the meeting.

Welcoming the distinguished guests, Mr. Bin Thaniah said "Indonesia and Dubai share many things in common, including the historic significance of being major trading posts within their respective regions. Over the years there has been a steady increase in Dubai's trade with the Southeast Asian nation, and today's meeting with H.E. the Vice President signals the mutual desire on the part of both to boost and further cement these ties."

"The opening up of the economy provides a number of opportunities for investment and untold benefits to the people of the Indonesian archipelago," he added.

Mr. Bin Thaniah briefed HE Jusuf Kalla on the history and working of the Jebel Ali Port and Free Zone, and highlighted the significant aspects, and the unique characteristics which give Jafza and Jebel Ali port their distinguished position in the world.

The Indonesian delegation was also taken on a tour of the Jebel Ali Port and Free Zone.

Indonesia has a market-based economy in which the government plays a significant role. It owns more than 164 state-owned enterprises and administers prices on several basic goods, including fuel, rice, and electricity.

Since the late 1980s, Indonesia has made significant changes to its regulatory framework to encourage economic growth. In addition, the presence of US banks, manufacturers, and service providers expanded, especially after the industrial and financial sector reforms of the 1980s. Other major foreign investors included Japan, the United Kingdom, Singapore, the Netherlands, Hong Kong, Taiwan, and South Korea.