Dubai Port seeks partnership with PT Pelabuhan Indonesia IV (PT Pelabuhan Indonesia (Pelindo IV) to develop Ambon newport, Maluku, media reports said. Maluku is a province of Indonesia.
President Director of PT Pelabuhan Indonesia IV (Persero) Farid Padang, told a local media, “We discussed the concept of an integrated port industry at the Ministry of State-Owned Enterprises (BUMN). The meeting was attended by Deputy Minister II BUMN and a representative of the Dubai Port.”
Dubai Port is expected to collaborate with Pelindo IV for the development of the Ambon newport. Pelindo IV is a state-owned enterprise responsible for handling ports in Indonesia.
Dubai Port is also interested in collaborating with Pelindo IV for the development of the Yos Sudarso Port in Ambon.
Previously, the UAE and Indonesia had explored the possibility of establishing a sovereign wealth fund as an alternative financing for infrastructure development or investment, media reports said. It is reported that the Abu Dhabi Investment Authority (ADIA), the minister of energy, the CEO of Mubadala and other high-ranking officials were expected to assess the proposal in Abu Dhabi.
The UAE officials are expected to visit Indonesia next month to meet officials of the Indonesian Ministry of Finance and Sarana Multi Infrastruktur. Both parties will discuss the financial schemes, regulations and legislation for the establishment of the sovereign wealth fund.
The funding is expected to come through a range of investment funds from different countries, media reports said. With that, Indonesia’s investment flow will slowly increase to $10 billion, media reports said.