Riyadh: Saudi Arabia and Indonesia have solidified their economic ties with the signing of investment agreements and memorandums of understanding valued at approximately $27 billion. The deals were finalized during Indonesian President Prabowo Subianto’s official visit to the Kingdom, as reported by the Saudi Press Agency (SPA) on Wednesday, July 2, 2025.
The agreements, primarily between private-sector entities from both nations, span a diverse range of sectors, including clean energy, petrochemical industries, and aviation fuel services. Notably, Saudi Arabia’s ACWA Power signed initial agreements with Indonesia’s sovereign wealth fund Danantara and state energy firm Pertamina to explore renewable energy projects, with potential investments reaching up to $10 billion. The two sides also committed to bolstering cooperation in crude oil supply, improving energy supply chain sustainability, and strengthening collaboration in mineral resources.
Beyond economic ventures, the joint statement issued by both countries also carried significant political weight, reaffirming their unwavering support for the Palestinian cause and expressing profound concern over the ongoing humanitarian crisis in Gaza. Both Saudi Arabia and Indonesia strongly condemned Israel’s alleged use of starvation and blockades against civilians, rejecting any forced displacement of Palestinians. They reiterated their backing for a two-state solution based on the 1967 borders, with East Jerusalem designated as the capital of an independent Palestinian state.
Regarding Syria, the joint statement underscored the importance of respecting Syria’s sovereignty and territorial integrity. Both nations explicitly rejected foreign interference and condemned repeated Israeli attacks on Syrian territory.
This visit and the subsequent agreements underscore a deepening strategic partnership between Saudi Arabia and Indonesia, not only in economic development but also in addressing critical regional and international issues.
