Saudi Arabia and Indonesia Forge $27 Billion Partnership
SAUDI ARABIA, JUL 2 – The $27 billion deals include investments in energy, healthcare, and digital infrastructure to support Indonesia's economic transformation and Saudi Arabia's diversification goals.
- Indonesian President Prabowo Subianto visited Saudi Arabia on July 1-2, 2025, where he performed the Umrah pilgrimage and met Crown Prince Mohammed bin Salman in Jeddah.
- This visit took place after Prabowo assumed office in October 2024 and served as a significant diplomatic stopover ahead of the international BRICS meeting scheduled for July 5, 2025, in Rio de Janeiro, Brazil.
- During their meeting at Al-Salam Palace, both leaders co-chaired the first Saudi-Indonesian Supreme Coordination Council session and signed multiple MOUs worth about $27 billion covering oil, petrochemicals, alternative energy, and pilgrimage services.
- Saudi Arabia's ACWA Power and Indonesia's sovereign wealth fund Danantara, alongside Pertamina, signed initial agreements to explore renewable energy ventures with project funding potentially reaching $10 billion, as reported by Danantara.
- The signed deals aim to deepen economic and energy cooperation, enhance supply chain sustainability, and improve Indonesian Haj pilgrim services, indicating stronger bilateral ties and strategic partnership growth.
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25 Articles
Saudi Arabia, Indonesia sign several deals worth $27 billion
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