Saudi Arabia and Indonesia Forge $27 Billion Partnership

Saudi Arabia and Indonesia have agreed on deals and memorandums worth approximately $27 billion. These agreements, involving private sector institutions, focus on fields like clean energy and petrochemicals. The accords were sealed during Indonesian President Prabowo Subianto’s visit to Saudi Arabia, where he met Crown Prince Mohammed bin Salman.

Saudi Arabia and Indonesia have entered into a series of agreements and memorandums of understanding valued at roughly $27 billion, as reported by the Saudi state news agency on Wednesday. The deals, involving private sector entities, span various sectors including clean energy and petrochemicals.

The agreements were finalized during a visit by Indonesian President Prabowo Subianto to the Gulf kingdom, where he engaged in discussions with Saudi Crown Prince Mohammed bin Salman. This strategic partnership underscores a significant boost in bilateral economic ties and cooperation between the two nations.

The comprehensive agreements aim to enhance cooperation in key industries, reflecting both countries' commitment to advancing joint economic interests and fostering sustainable development in energy sectors.

(With inputs from agencies.)