emirates7 - Saudi Arabia and Indonesia signed agreements and memorandums of understanding totaling US$27 billion on Wednesday during Indonesian President Prabowo Subianto’s visit to the Kingdom. The deals cover sectors such as clean energy, petrochemicals, and aviation fuel services.
According to a joint statement reported by the Saudi Press Agency (SPA), the two countries noted that their bilateral trade has reached approximately $31.5 billion over the past five years, positioning Saudi Arabia as Indonesia’s leading trading partner in the region.
They also welcomed the progress made in Free Trade Agreement talks between Indonesia and the Gulf Cooperation Council (GCC), held in September 2024 and February 2025, and expressed optimism about finalizing the agreement soon.
In the field of energy, both nations agreed to expand collaboration in crude oil, petrochemical products, and energy supply chains. They committed to working together on electricity projects, renewable energy, and energy storage initiatives.
Additionally, the two sides pledged to cooperate in applying emerging technologies—such as artificial intelligence—to the energy sector, fostering innovation, and advancing carbon circular economy and clean hydrogen technologies.
On defence and security, both countries agreed to deepen collaboration in areas of mutual concern and support regional and global security. They emphasized joint efforts to combat crime, terrorism, and extremism, strengthen cybersecurity, and enhance intelligence sharing, training, and expertise exchange.
They also reviewed current regional and global developments and reaffirmed their commitment to continued coordination and intensified efforts to support international peace and stability.
According to a joint statement reported by the Saudi Press Agency (SPA), the two countries noted that their bilateral trade has reached approximately $31.5 billion over the past five years, positioning Saudi Arabia as Indonesia’s leading trading partner in the region.
They also welcomed the progress made in Free Trade Agreement talks between Indonesia and the Gulf Cooperation Council (GCC), held in September 2024 and February 2025, and expressed optimism about finalizing the agreement soon.
In the field of energy, both nations agreed to expand collaboration in crude oil, petrochemical products, and energy supply chains. They committed to working together on electricity projects, renewable energy, and energy storage initiatives.
Additionally, the two sides pledged to cooperate in applying emerging technologies—such as artificial intelligence—to the energy sector, fostering innovation, and advancing carbon circular economy and clean hydrogen technologies.
On defence and security, both countries agreed to deepen collaboration in areas of mutual concern and support regional and global security. They emphasized joint efforts to combat crime, terrorism, and extremism, strengthen cybersecurity, and enhance intelligence sharing, training, and expertise exchange.
They also reviewed current regional and global developments and reaffirmed their commitment to continued coordination and intensified efforts to support international peace and stability.