Europe

France pledges $2.6 billion for Indonesia as Hollande visits

  • French President Francois Hollande, left, talks with his Indonesian counterpart Joko "Jokowi" Widodo before their joint press conference following a meeting at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)

    French President Francois Hollande, left, talks with his Indonesian counterpart Joko "Jokowi" Widodo before their joint press conference following a meeting at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)  (The Associated Press)

  • French President Francois Hollande, left, talks with his Indonesian counterpart Joko "Jokowi" Widodo during a meeting at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)

    French President Francois Hollande, left, talks with his Indonesian counterpart Joko "Jokowi" Widodo during a meeting at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)  (The Associated Press)

  • French President Francois Hollande, right, accompanied by his Indonesian counterpart Joko "Jokowi" Widodo, center, inspects an honor guard during a welcome ceremony at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)

    French President Francois Hollande, right, accompanied by his Indonesian counterpart Joko "Jokowi" Widodo, center, inspects an honor guard during a welcome ceremony at Merdeka Palace in Jakarta, Indonesia, Wednesday, March 29, 2017. Hollande is on a two-day visit to the country as part of a regional tour to boost ties with Asia. (AP Photo/Achmad Ibrahim)  (The Associated Press)

France has pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia's biggest economy during a visit by President Francois Hollande.

Indonesian President Joko "Jokowi" Widodo welcomed the new commitment by French investors to increase their involvement in the energy, infrastructure and retail industries.

Jokowi and Hollande on Wednesday also witnessed the signing of five memorandums of understanding covering defense, sustainable urban development, research, technology and tourism.

They also agreed to increase maritime cooperation.