Indonesia, Saudi Arabia sign US$27 bln investment agreements for strategic cooperation

Indonesian President Prabowo Subianto (center) holds a high-level bilateral meeting with the Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman Al Saud, during his state visit to Saudi Arabia at Al-Salam Palace, Jeddah, Wednesday (July 02, 2025). (The Indonesian Cabinet Secretariat)
Saudi Crown Prince, Mohammed bin Salman, and the Indonesian President, Prabowo Subianto, reaffirmed their commitment to deepening strategic cooperation across key sectors at a bilateral meeting in Jeddah.
Jakarta (Indonesia Window) – Indonesia’s President Prabowo Subianto and Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud (MBS), Wednesday (July 02) reaffirmed their commitment to deepening strategic cooperation across key sectors during a bilateral meeting at Al-Salam Palace, Jeddah.The renewed commitment was outlined in a joint statement issued by both governments following the meeting, according to Indonesia’s Cabinet Secretariat here Thursday.President Prabowo and Crown Prince, Mohammed bin Salman who is also the Saudi Prime Minister, underscored their shared interest in enhancing collaboration in the health sector, particularly in improving medical services for Hajj and Umrah pilgrims.The two nations also expressed support for increased investment in pharmaceuticals, vaccine development, health technology, and the development of human resources in the health sector.“Both leaders also expressed their aspiration to strengthen cooperation in the health sector, particularly in implementing health protocols for Hajj and Umrah pilgrims. They are also committed to supporting investment in healthcare through collaboration in the pharmaceutical, vaccine, and health technology industries, as well as in the development of human resources,” the secretariat said quoting a written joint statement.In addition, both countries emphasized the importance of enhancing cooperation across a range of strategic sectors. These include the digital economy, judicial affairs, employment, culture, tourism, youth and sports, education and scientific research, industry and mining, agriculture, fisheries, food security, and air connectivity.In the area of defense and security, the two leaders agreed to deepen cooperation in pursuit of mutual interests and to contribute to regional and global stability, including joint efforts in counter-terrorism, combating extremism, cybersecurity, as well as the exchange of intelligence and training.“They also reaffirmed their commitment to enhancing joint security cooperation and coordination on issues of mutual concern, including the eradication of all forms of crime, terrorism, and extremism, along with their financing. The two sides also pledged to strengthen collaboration in cybersecurity and in the exchange of information, expertise, and training,” the joint statement read.At the bilateral meeting, President Prabowo and Crown Prince Mohammed bin Salman also welcomed the signing of several agreements and memoranda of understanding (MoUs) between Indonesian and Saudi Arabian private sector entities worth around 27 billion US dollars, which cover key sectors such as clean energy, petrochemical industry, and aviation fuel services.“The two sides welcomed the signing of a number of agreements and MoUs during this visit between private sector institutions, with a value of approximately 27 billion US dollars in various sectors, including clean energy, petrochemical industry, and aviation fuel services. These agreements reflected the shared aspirations of both countries to build an advanced economic partnership,” the joint statement said.Both countries also underscored the importance of continued cooperation in multilateral forums, including the International Monetary Fund (IMF), the World Bank, the Organization of Islamic Cooperation (OIC), the G20, and the Non-Aligned Movement, to address global challenges and advocate for shared interests.Reporting by Indonesia WindowBagikan
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