Danantara to create joint fund, build CPO refinery with Egypt
Trade between Indonesia and Egypt in 2025 reached a total of $2.4 billion, almost $2 billion of which was the value of Indonesia’s exports to Egypt, according to data from Statistics Indonesia (BPS).
Indonesia and Egypt have agreed to form a joint investment fund between Danantara, Indonesia's state asset fund, and Egypt's government investment body, Mustaqbal Misr. This comes after a meeting between President Prabowo Subianto and President Abdel Fattah El-Sisi in Jakarta. The joint fund is expected to boost economic ties between the two nations, focusing on strategic projects such as the production and distribution of crude palm oil (CPO), phosphate fertilizers, and related raw materials.
President Prabowo expressed his support for the initiative, stating that it would "push investment in strategic projects." The joint statement also highlighted the promising opportunities for cooperation in these areas, marking a significant step in strengthening economic collaboration between Indonesia and Egypt.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
