DMCC hosts roadshow in Jakarta, sees 13% growth in Southeast Asia

DMCC, the leading international business district that drives the flow of global trade through Dubai, has concluded its first-ever Made For Trade Live (MFTL) roadshow in Jakarta, reinforcing the growing economic partnership between the United Arab Emirates and Indonesia.

- Staff Reporter, Gulf Today

During the event, DMCC announced a 13% increase in Southeast Asian companies within its business district in the past 12 months taking its total to more than 650 Southeast Asian companies, including over 30 from Indonesia.

Following the landmark signing of the UAE-Indonesia Comprehensive Economic Partnership Agreement (CEPA), which entered into force in 2023, both countries have seen a rapid increase in trade and investment. Bilateral non-oil trade grew from $3 billion in 2020 to $5 billion in 2024 - a near-doubling in four years - while outward investment from the UAE has kickstarted major new projects in strategic sectors from renewable energy to advanced tech infrastructure, opening up new avenues for collaboration.