Indonesia, egypt sign US$67.5 million business deals

Indonesian and Egyptian businessmen have signed business deals valued at US$67.5 million during the five-day Trade Expo Indonesia (TEI) 2018 which will end on Sunday, the Indonesian Embassy in Cairo said in a statement released on Friday.

The Trade Ministry has routinely organized the largest trade expo in Indonesia, with the aim of boosting its exports to friendly countries.

During the expo, held at the Indonesia Convention Exhibition in Bumi Serpong Damai (ICE BSD) southwest of Jakarta, the Indonesian Embassy in Cairo has successfully assisted in the signing of six agreements between businessmen of the two countries, with a total value of US$67.5 million.

The six agreements include those between coffee producer PT Asal Jaya and Haggag Co Import and Export Co and Groups, with a value of US$30 million, tire producer PT Gajah Tunggal and Baraka Contracting and Trading, valued at US$20 million, and coconut, spice and essential oil producer PT Global Coconut and El Hamd Co for Import and Export, with a value of US$8 million.