US EditionSaudi 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.
25 Articles
25 Articles
Saudi Arabia, Indonesia sign several deals worth $27 billion
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 billion between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported on Wednesday. Indonesian President Prabowo Subianto visited the Gulf kingdom on Wednesday and met Saudi Crown Prince Mohammed bin Salman. The two sides also agreed to bolster cooperation in the supply of crude oil and…
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Indonesian President Prabowo performs Umrah during Saudi visit
Makkah: Indonesian President Prabowo Subianto performed the Umrah pilgrimage at the Grand Mosque in Makkah during his official visit to the Kingdom of Saudi Arabia (KSA). A photograph of President Prabowo dressed in the ihram, traditionally worn by male pilgrims, has gone viral across social media platforms. Also ReadSaudi Arabia gets first Riyadh Monopoly edition On Wednesday, July 2, the President was received at the Grand Mosque by several of…
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