Indonesia Achieves Record Transactions at Health Exhibition

According to reporting from Antara News, Indonesia’s Trade Ministry recorded transactions amounting to USD 13.16-million at the Arab Health Medical Equipment Exhibition held from January 29 to February 1, at the Dubai World Trade Center (DWTC), the United Arab Emirates (UAE).

The Ministry’s Director General of National Export Development, Didi Sumedi, said in a statement from his office on Tuesday (6/2/24,) that this figure was an increase of 43.83-percent when compared to transaction achievements in 2023.

He explained that the transactions comprised a potential value of USD 12.08-million and the signing of a trade contract worth USD 1.07-million with Qatar, the UAE, Bahrain, Ethiopia, and Oman, along with the procurement of hospital furniture products worth USD 825,000 with the Czech Republic, according to Antara News.

Sumedi outlined that most buyers were interested in medical equipment, such as syringes, sphygmomanometers and stethoscopes, hospital equipment, ceraspon, hemostatic sponges, and infusion pumps, adding that the biggest buyers came from Mauritius, Morocco, the UAE, India, and Saudi Arabia, he added.

Sumedi said Indonesia’s participation in the Arab Health Exhibition is an effort to capture opportunities for global demand for medical equipment, adding that “the promotion of Indonesian medical equipment at the 2024 Arab Health Exhibition in Dubai is an effort to respond to trends in the world market demand for medical devices,” says Antara News.

Over the last five years, Indonesian medical equipment products have clocked positive growth of 4.56-percent per year. In 2023, the Indonesian medical equipment industry had grown by 6.83-percent, Sumedi said.

In 2022, Indonesia’s export performance of medical equipment in the global market also showed positive growth, of 9.27-percent when compared to 2021, reports Antara News.

According to Sumedi, the global market opportunity for global medical equipment, including hospital furniture, is quite promising. This is because global medical equipment revenue is projected to grow by 5.70-percent on average per year during the 2024 to 2028 period, while global healthcare furniture revenue in the next eight years from 2024 to 2032 is projected to grow by 4.8-percent per year, he remarked.

Sumedi said his side continued to encourage increased exports of Indonesian products to trade partner countries through various efforts, such as trade promotions, trade missions, business matching, export market information, and the use of trade agreements, including to the UAE, through the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (I-UAE CEPA), report Antara News, using Dubai as a hub for trade in the Middle East, North Africa, Europe, and South Asia regions.


Source: Antara News

Stock image by RDNE Stock project on Pexels 

Latest Article
Yuliot Inaugurated as Deputy Minister of Investment
According to reporting from Antara News, President Jokowi inaugurated the former deputy of investment...
QR Code Payments Between Indonesia, S. Korea Linked
According to reporting from Antara News, Indonesia and South Korea have agreed to expand cooperation...
President Jokowi Discusses Trade Cooperation with UAE
President Jokowi held a bilateral meeting with UAE President Mohamed bin Zayed Al Nahyan (MBZ) at Qasr...
Indonesia's Trade Balance Remains in Surplus in June 2024
  Indonesia’s Central Statistics Agency (BPS) announced a trade surplus of US$2.39 billion...
Minister: Downstreaming Leads to a Golden Indonesia
Speaking at a public lecture at the State Institute of Public Administration (IPDN) in Sumedang, West...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.