Saudi Arabia and Indonesia Seal $27 Billion Deals Across Energy, Petrochemicals, and Security

  • 03/07/2025

Riyadh: Saudi Arabia and Indonesia have signed a series of significant agreements and MoUs valued at $27 billion, strengthening bilateral cooperation across clean energy, petrochemicals, and aviation fuel services.

The deals were inked during the official visit of Indonesian President Prabowo Subianto to Saudi Arabia, marking a major milestone in expanding economic and strategic relations between the two nations.

Officials highlighted that bilateral trade reached about $31.5 billion over the past five years, making the Kingdom Indonesia’s leading trade partner in the region. Both countries also welcomed progress on the GCC–Indonesia Free Trade Agreement, which is expected to be concluded soon.

The new agreements cover enhanced collaboration in crude oil supply, petrochemical production, renewable energy, energy storage, and sustainable energy supply chains. They also include joint efforts to apply emerging technologies like AI, develop carbon circular economy projects, and advance clean hydrogen initiatives.

On the security front, the two countries pledged to boost cooperation in defence, counterterrorism, cybersecurity, intelligence sharing, and capacity building through training and knowledge exchange. They reaffirmed their commitment to working together to combat crime and promote regional and international peace and stability.

Leaders from both nations exchanged views on key regional and global issues and reiterated their shared goal of continued coordination to strengthen international peace and security.

Related News

Apple Launches Online Store and App in Saudi Arabia with Ara ...
  • 22/07/2025
Bahrain Plans Complete Smoking Ban in All Public Places
  • 20/07/2025
UAE Launches Enhanced Hajj Campaign Selection System for 202 ...
  • 16/07/2025
Saudi Arabia Closes 10 Travel Agencies for Offering Unauthor ...
  • 13/07/2025
Saudi Arabia opens land ownership to expatriates from 2025
  • 09/07/2025
Saudi Arabia Named Partner Country for INNOPROM 2025 in Russ ...
  • 07/07/2025
Saudi Arabia Delivers $30 Million Aid Payment to Support Pal ...
  • 27/06/2025
Saudi Airports Advise Passengers Amid Airspace Closures Foll ...
  • 14/06/2025
Saudi Arabia to Launch Mandatory Home Delivery Permit System ...
  • 10/06/2025
UAE Leaders Congratulate Saudi Arabia on Successful Hajj 202 ...
  • 09/06/2025
Spiritual Completion: Pilgrims Begin Final Departure from Mi ...
  • 07/06/2025
Saudi Arabia Holds the Largest Oil Reserves Among GCC Nation ...
  • 06/06/2025