Indonesia-Saudi Arabia Seal $27 Billion Investment Deal During Prabowo’s Visit

Jeddah, MINA – Indonesian President Prabowo Subianto’s recent visit to Saudi Arabia, which included a meeting with Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud (MBS), has culminated in the signing of business agreements and Memoranda of Understanding worth approximately $27 billion.

Both leaders reaffirmed their shared commitment to expanding strategic cooperation across various sectors. This commitment was highlighted during their bilateral meeting at Al-Salam Palace in Jeddah on Wednesday.

The agreements between the Indonesian and Saudi Arabian governments span clean energy, petrochemical industries, and aviation fuel services.

During their discussion, Prabowo and MBS also underscored the importance of strengthening collaboration in various multilateral forums, including the IMF, World Bank, OIC, G20, and the Non-Aligned Movement. This broader cooperation aims to address global challenges and advance mutual interests.

Also Read: European Leaders Welcome France’s Decision to Recognize Palestinian State

With this significant investment agreement in place, the relationship between Indonesia and Saudi Arabia is expected to grow even stronger, bringing substantial benefits to the economies, security, and welfare of both nations. [Shibgho]

Mi’raj News Agency (MINA)

Also Read: French to Formally Recognize Palestinian State at UN in September