Saudi Arabia and Indonesia have further deepened their ties by signing several deals and memoranda of understanding (MoUs) during the visit of the Indonesian President, Prabowo Subianto, to the Kingdom, according to the Saudi Press Agency (SPA).
The visit witnessed the signing of numerous deals and MoUs between the private sector institutions in both countries, amounting to nearly $27 billion across multiple fields, including clean energy, petrochemical industries, and aviation fuel services.
Saudi-Indonesian Ties
On Wednesday, the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, received Subianto at Al-Salam Palace in Jeddah, where they reviewed bilateral relations and explored ways to strengthen them across various fields.
Moreover, Crown Prince Mohammed bin Salman and President Subianto co-chaired the first Saudi-Indonesian Supreme Coordination Council meeting, during which they endorsed the Council’s governance and a number of recommendations to enhance joint cooperation in areas of common interest.
Bilateral Trade
In terms of economy, trade and investment, both sides underscored the strength of their economic ties. They agreed on fostering bilateral cooperation, particularly in priority sectors, supporting partnerships between the private sectors in both countries, and leveraging the opportunities provided by Saudi Vision 2030 and Golden Indonesia Vision 2045 to enhance cooperation across various fields.
Furthermore, they hailed bilateral trade, which amounted to approximately $31.5 billion over the past five years, making Saudi Arabia the top trading partner for Indonesia in the region.
They also welcomed the positive outcomes of the negotiations for a Free Trade Agreement between the Gulf Cooperation Council (GCC) countries and Indonesia, which took place in September 2024 and February 2025.
Strategic Partnerships
Both sides stressed the need for enhancing investment cooperation and intensifying efforts to enable strategic partnerships in priority sectors, most notably energy, financial services, mining, manufacturing, logistics, tourism, manufacturing, agriculture, and green technologies.
In terms of energy, the Indonesian side praised Saudi Arabia’s crucial efforts in enhancing the reliability and stability of global oil markets, as well as its positive role balancing global energy markets.
The two sides agreed to boost cooperation in the supply of crude oil and its derivatives, improve supply chains and their sustainability in the energy field, and strengthen cooperation in the fields of electricity, renewables and mineral resources.
Bolstering Cooperation
The two sides also underscored the importance of bolstering cooperation in the fields of digital economy and innovation, judiciary and justice, labor and human resources, culture, tourism, sports, education and scientific research, industry and mining, agriculture, fisheries, and food security, in addition to enhancing air connectivity between the two countries.
Moreover, Saudi Arabia and Indonesia agreed on strengthening and developing their defense cooperation, in a manner that serves their common interests and contributes to achieving regional and global security and stability.
