Saudi & Indonesia Sign USD 27 Billion in Trade & Investment Deals

Saudi Arabia and Indonesia have signed investment and trade agreements worth USD 27 billion, expanding cooperation across energy, petrochemicals, infrastructure, and clean technology. The deals were finalised during the visit of Indonesian President Joko Widodo to Riyadh and reflect the two G20 nations’ shared ambitions to deepen bilateral relations.

The agreements cover enhanced crude oil supply deals, petrochemical investment, and joint projects in clean energy. They also include initiatives to boost industrial efficiency and reduce supply chain costs, aiming to increase resilience across both economies.

For Indonesia, the agreements offer access to energy security and advanced infrastructure development. For Saudi Arabia, they align with the Kingdom’s Vision 2030 strategy, aimed at attracting foreign investment and expanding its role as a regional and global trade hub.

President Widodo’s visit highlights Indonesia’s efforts to diversify international partnerships, while Saudi Arabia continues to strengthen ties with Asian markets. Implementation of the agreements is expected to begin in the coming months, with private sector collaboration playing a key role.