US Edition
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.
25 Articles
25 Articles
Saudi Arabia, Indonesia sign several deals worth $27 billion
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Indonesian President Prabowo performs Umrah during Saudi visit
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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