Jeddah — Indonesian President Prabowo Subianto and Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud (MBS) reaffirmed their countries’ commitment to strengthening a broad-based strategic partnership encompassing energy, the digital economy, and green investment. The pledge was underscored during an official state meeting at Al-Salam Palace in Jeddah on Wednesday (July 2).
The meeting took place in a warm atmosphere of mutual respect and friendship. During the session, the two leaders convened the inaugural meeting of the Saudi-Indonesian Supreme Coordination Council to formalize institutional governance and chart a long-term roadmap for strategic cooperation.
“Both parties agreed to deepen investment cooperation in strategic sectors including energy, financial services, downstream industrial development, logistics, tourism, and green technology,” read the joint statement issued by both governments.
“They also committed to fostering a conducive investment climate, sharing expertise, organizing regular investment forums, and establishing a joint roadmap to streamline investment flows, offer incentives, and address regulatory challenges.”
In addition, the leaders agreed to expedite the conclusion of a Free Trade Agreement between Indonesia and the Gulf Cooperation Council (GCC) to boost trade volumes and investment flows.
“They welcomed the positive progress in negotiations on the GCC-Indonesia Free Trade Agreement and expressed hope that the agreement will be finalized soon,” the statement continued.
On energy cooperation, Indonesia acknowledged Saudi Arabia’s pivotal role in stabilizing global oil markets and emphasized the importance of securing supplies across all energy types. Both sides committed to expanding collaboration on crude oil and refined products, the development of integrated energy supply chains, cooperation among national energy companies, power generation, energy efficiency and conservation, international climate policy, and mineral resources.
“The two parties agreed to promote innovation and emerging technologies—such as artificial intelligence in the energy sector—and to develop circular carbon economy technologies and clean hydrogen,” the statement added.
Saudi Arabia and Indonesia also signed a series of agreements and memoranda of understanding between business entities from both countries, with a total value of approximately $27 billion or IDR 437.8 trillion—underscoring the strong interest of the private sector in supporting this new direction for economic partnership.
