London, UK (ANTARA News) - The Indonesian shipyard company, PT. PAL Indonesia and Abu Dhabi Ship Building (ADSB) have signed a memorandum of understanding on the sidelines of the Naval Defense Exhibition and Conference (NAVDEX) 2017.

The NAVDEX 2017 is part of the International Defense Exhibition and Conference (IDEX) held in Abu Dhabi, United Arab Emirates on February 19 to 23.

A statement of the Indonesian Embassy in Abu Dhabi received by ANTARA here on Tuesday said the two companies will combine their capabilities and resources to create business opportunities in shipyard, maintenance, repair and inspection of such vessels as Fast Patrol Boat, Strategic Sea-lift Vessel and Light Frigate.

Abu Dhabi Ship Buildings CEO Khaled Al Mazrouei said the partnership with PT. PAL is a right choice as the Indonesian company has international reputation in building military and commercial ships.

"We hope this cooperation can continue to progress bilateral relations between the UAE and Indonesia," he said.

Meanwhile, PT. PAL Indonesias CEO Muhammad Firmansyah Arifin said the cooperation is the companys strategy to expand business in international markets.

"The similarities in business portfolio in defense industry between PT. PAL and ADSB makes the partnership create value for stakeholders on both sides," he said.

Meanwhile, Indonesian Ambassador to the UAE,Husin Bagis said the Embassy continues to strive to increase the trade value between the two countries.(*)

Editor: Heru Purwanto
Copyright © ANTARA 2017