JAKARTA, Jan. 25 (Xinhua) -- Indonesian President Joko Widodo and visiting Singaporean Prime Minister Lee Hsien Loong signed agreements Tuesday on economy, travel bubbles and the extradition of fugitives.
At a press conference with Lee after their meeting in Bintan city, Riau Islands province, Widodo said the two leaders agreed to strengthen cooperation to recover the economies of the two countries amid the COVID-19 pandemic.
"The meeting noted new investments worth 9.2 billion U.S. dollars, including those in the field of renewable energy, as well as a construction of a logistics hub at Tanjung Priok Port in Jakarta," Widodo said in a speech broadcast by his official YouTube account.
Singapore is Indonesia's largest investor with an investment value of 7.3 billion U.S. dollars from January to September last year, Widodo noted.
The two leaders also welcomed the signing of defense cooperation, reopening of quarantine-free cross-border travels in Batam and Bintan, extension of a bilateral extradition agreement from 15 to 18 years, and continuation of the Jakarta Flight Information Region (FIR) and Singapore FIR agreements. ■