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View all search resultsIndonesia, Saudi Arabia ink $27b deals in energy, mineral sectors
Danantara has signed additional deals with private companies in Saudi Arabia, which has emerged as Indonesia's top Middle Eastern trading partner over the past five years with an estimated $31.5 billion.
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President Prabowo Subianto greets Saudi Arabian dignitaries as he arrives at King Abdul Aziz International Airport in Jeddah on July 1, 2025. (The Jakarta Post/Presidential Secretariat)
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ndonesia and Saudi Arabia have sealed US$27 billion in private sector deals across various fields, including clean energy, petrochemicals and aviation fuel services.
The agreements were signed on Wednesday at Al-Salam Palace in Jeddah, where President Prabowo Subianto met with Crown Prince Mohammed bin Salman (MBS) after arriving on Tuesday for his first state visit to the Middle Eastern country.
“Both sides welcomed the signing of a number of agreements and memoranda of understanding (MoU) during this visit between private sector institutions […], which reflects the aspirations of both sides toward an advanced economic partnership,” the two countries announced in a joint statement.
Beyond the headline deals, both sides have pledged deeper collaboration in crude oil and derivative supplies, energy supply chains and climate policy alignment, as well as mineral resources, renewables and energy efficiency projects.
The countries have also agreed to harness emerging technologies including artificial intelligence in the energy sector and to “develop an enabling environment for them”.
Read also: Indonesia, UAE ink MoUs on energy, minerals cooperation
Also on July 2, state asset fund Danantara announced it had signed MoUs with Saudi private energy giant ACWA Power as part of the broader set of bilateral deals forged during President Prabowo's visit.
