Indonesian President Prabowo Subianto and Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud, held a bilateral meeting at the Al-Salam Palace in Jeddah, Saudi Arabia. During the meeting, the two leaders agreed to strengthen their strategic partnership in the economic, investment, and energy sectors. The meeting took place on Wednesday (July 2, 2025). The two leaders initially highlighted the strong bilateral economic relationship and emphasized the importance of expanding cooperation in priority sectors.
In the past five years, trade between Indonesia and Saudi Arabia has reached approximately USD 31.5 billion, making Saudi Arabia Indonesia’s main trading partner in the region. Prabowo and Prince Mohammed also welcomed the significant opportunities offered by Saudi Arabia’s Vision 2030 and Indonesia Emas Vision 2045, which can be jointly utilized to strengthen cross-sector cooperation and accelerate the economic transformation of each country.
“Both sides agreed on the importance of enhancing cooperation, particularly in shared priority sectors, supporting private sector partnerships between the two countries, and capitalizing on the opportunities offered by Saudi Arabia’s Vision 2030 and Indonesia’s Golden Vision 2045,” read a joint statement from the two leaders, quoted on Thursday (July 3, 2025).
In the context of trade, both countries emphasized the importance of increasing trade volume, visits between public and private sector officials, and holding regular business forums through the Saudi Indonesian Business Council. Both sides also appreciated the positive results of the Free Trade Agreement negotiations between Indonesia and the Gulf Cooperation Council (GCC) countries, which took place in September 2024 and February 2025, and expressed their hope that the agreement would be concluded soon.
“They welcomed the positive results of the Free Trade Agreement negotiations between the GCC countries and the Republic of Indonesia, which took place in September 2024 and February 2025, and expressed their hope that the agreement would be concluded soon,” read a written statement issued by the two countries.
In the energy sector, Indonesia expressed its appreciation for Saudi Arabia’s central role in maintaining the stability and balance of the global oil market and emphasized the importance of secure energy supplies for the global market. Furthermore, the two countries agreed on several key areas of cooperation in the energy sector, including the supply of crude oil and its derivatives, refinery and petrochemical projects, new and renewable energy, energy efficiency, carbon management, clean hydrogen technology, and the use of artificial intelligence for sustainable energy.
“Both parties agreed on the importance of cooperation in the development and implementation of renewable energy and energy storage projects, as well as encouraging technology transfer, capacity building, and collaborative research to support the national energy transition,” the joint statement stated.
Specifically in the minerals sector, the two countries will also cooperate in exchanging experiences in geology, mining exploration, processing, and the application of modern technology. As a concrete follow-up, Indonesia and Saudi Arabia agreed to develop a joint roadmap to create a conducive investment environment, facilitate capital flows, and overcome regulatory barriers.
July 3, 2025, detikFinance
(https://news.detik.com/berita/d-7993296/prabowo-pangeran-mbs-sepakat-perkuat-kemitraan-strategis-ekonomi-investasi)