Saudi Arabia and Indonesia Forge $27 Billion Partnership

Saudi Arabia and Indonesia have formalized deals and agreements worth approximately $27 billion, focusing on clean energy, petrochemicals, and other sectors. Indonesian President Prabowo Subianto's visit to Saudi Arabia aimed at bolstering bilateral relations, particularly in energy and mineral resources. Trade exceeded $31.5 billion over five years.

Saudi Arabia and Indonesia have engaged in a significant economic collaboration, signing deals valued at around $27 billion. These agreements encompass various sectors, including clean energy and petrochemicals, according to the Saudi state news agency SPA.

Indonesian President Prabowo Subianto's visit to the Gulf kingdom included discussions with Saudi Crown Prince Mohammed bin Salman. Both nations committed to elevating cooperation in crude oil supply, enhancing supply chain sustainability, and expanding the mineral resources sector.

Trade between Indonesia and Saudi Arabia has reached approximately $31.5 billion over the past five years, showcasing the growing economic ties between the two countries, as reported by SPA.

(With inputs from agencies.)