Saudi Arabia, Indonesia Sign $27 Billion Cooperation Deals

Saudi Arabia and Indonesia have signed approximately $27 billion in agreements covering energy, aviation, clean energy, petrochemicals, defence, and cybersecurity, finalized during Indonesian President Prabowo Subianto's visit to Saudi Arabia. The deals include major investments in both traditional oil and gas as well as renewable and low-carbon energy projects, with key roles for Saudi ACWA Power and Indonesia’s Danantara and Pertamina. Both nations agreed to deepen cooperation in emerging technologies, energy efficiency, and to align their climate and energy policies. The agreements reflect each country's ambitions to diversify their economies—Saudi through Vision 2030 and Indonesia through infrastructure and green energy transitions—and to enhance regional and global influence. Defence and cybersecurity partnerships were emphasized, focusing on joint efforts against terrorism and cyber threats. The deals build on a five-year bilateral trade relationship valued at $31.5 billion and ongoing negotiations for a free trade agreement between Indonesia and the Gulf Cooperation Council.