TEMPO.CO, Jakarta - Indonesian President Prabowo Subianto met with Saudi Arabian Crown Prince and Prime Minister Mohammed bin Salman Al Saud, or MBS, at Al-Salam Palace, Jeddah, on Wednesday, July 2, 2025. The two leaders agreed on several strategic cooperation initiatives.
During this state visit to Saudi Arabia, Prabowo and Crown Prince MBS held a private tete-a-tete meeting, followed by a bilateral discussion with their respective delegations. In the bilateral meeting, they signed the Minutes of Meeting (MoM) of the Indonesia-Saudi Arabia High-Level Coordination Council.
The MoU reinforces Indonesia's standing as a strategic partner to Saudi Arabia in Southeast Asia. This High-Level Coordination Council format has also been utilized by Saudi Arabia in its strategic relations with the United States and the People's Republic of China.
A joint statement from both countries, cited by the Presidential Secretariat, indicated that Prabowo and MBS highlighted the strength of existing bilateral economic ties and emphasized expanding cooperation in priority sectors.
"The two parties agreed on the importance of enhancing cooperation, particularly in priority sectors, supporting the private sector partnership of both countries, and seizing the opportunities offered by Saudi Vision 2030 and Indonesia Emas (Golden Indonesia) 2045," the joint statement quoted.
In the past five years, trade between Indonesia and Saudi Arabia has reached approximately US$31.5 billion or Rp510 trillion, making Saudi Arabia Indonesia's main trading partner in the region. To boost trade, Prabowo and MBS stressed the importance of increasing trade volume, facilitating official and private sector visits, and regularly organizing business forums through the Saudi-Indonesian Business Council.
In the energy sector, Indonesia acknowledged Saudi Arabia's crucial role in maintaining global oil market stability and underscored the importance of energy supply security. Both countries agreed on several key cooperation areas: crude oil and its derivatives supply, refinery and petrochemical projects, new and renewable energy, energy efficiency, carbon management, clean hydrogen technology, and the use of artificial intelligence for sustainable energy.
Specifically in the mineral sector, Indonesia and Saudi Arabia will collaborate on exchanging geological expertise, mining exploration, processing, and applying modern technology. As a concrete follow-up, they agreed to create a joint roadmap to establish a conducive investment environment, facilitate capital flow, and address regulatory obstacles.
This strategic cooperation forms an important foundation for strengthening the long-term economic partnership between Indonesia and Saudi Arabia, reflecting a shared vision for sustainable, green, and inclusive development in the era of global transformation.
Several agreements and Memoranda of Understanding (MoUs) between Indonesian and Saudi business entities have been recorded, with a total value of approximately US$27 billion or Rp437.2 trillion. These agreements cover clean energy, the petrochemical industry, and aviation fuel services.
Editor’s Choice: Prabowo Performs Umrah Amid State Visit to Saudi Arabia
Click here to get the latest news updates from Tempo on Google News
Prabowo Performs Umrah Amid State Visit to Saudi Arabia
42 menit lalu
Indonesian President Prabowo Subianto performed the Umrah pilgrimage as part of his state visit to the Kingdom of Saudi Arabia.
Who Is the State Revenue Agency For?
1 jam lalu
The plan to form a State Revenue Agency is again in discussion. There are political interests among those close to Prabowo Subianto.
Today's Top 3 News: Ecoton Research Finds Microplastics in Drinking Water and River Fish in East Java
11 jam lalu
Here is the list of the top 3 news on Tempo English today.
Health Ministry Calls for Tighter Hajj Health Standards After Spike in Hajj Deaths
15 jam lalu
The Health Ministry has reported that 418 Indonesian pilgrims died during the 2025 Hajj pilgrimage.
Indonesia Set to Join BRICS-Led New Development Bank
15 jam lalu
The New Development Bank (NDB) is a multilateral development bank established by the BRICS member countries in July 2014.
Minister Explains Why Indonesia, Malaysia Opt for Joint Ambalat Block Management
16 jam lalu
Defense Minister Sjafrie Sjamsoeddin revealed the reasons behind Indonesia's cooperation with Malaysia in managing the Ambalat Waters.
Indonesian Students, Diaspora Greet Prabowo Upon Arrival in Jeddah
21 jam lalu
President Prabowo Subianto arrived in Jeddah, Saudi Arabia, on Tuesday night, July 1, 2025, as part of his state visit.
Prabowo Embarks on Three-Nation Visit, First Stop in Saudi Arabia
1 hari lalu
President Prabowo Subianto will visit Saudi Arabia, France, and Brazil. He departed on July 1, 2025.
Prabowo Inks Regulation on Assistance Fund for Sexual Violence Victims
1 hari lalu
The Government Regulation (PP) No. 29/2025, signed by Prabowo, is a derivative of the Sexual Violence Crimes Law enacted in 2022.
Sri Mulyani: Transition Period Between Prabowo and Jokowi Was Key to Economic Stability
1 hari lalu
Sri Mulyani said economic stability was evident during the second semester of 2024.
