Indonesia, Saudi Arabia agree on strategic cooperation worth 27 billion USD

Jakarta: Indonesia and Saudi Arabia have reached an agreement on business cooperation worth 27 billion US dollars in various sectors, including clean energy, petrochemical industries, aviation fuel services, healthcare, pharmaceuticals, and health technology.
According to a press release issed by the Indonesian Presidential Secretariat today, the agreements were signed by private sector entities from both countries and welcomed by President Prabowo Subianto and Saudi Crown Prince Mohammed bin Salman during a bilateral meeting at Al-Salam Palace in Jeddah yesterday.
In a joint statement, both leaders expressed their commitment to strengthening and expanding bilateral cooperation, particularly in investment, trade, and the digital economy, including enhanced private sector collaboration.
They also welcomed the strengthening of defence and security cooperation, including counterterrorism, the fight against extremism, cybersecurity, and cooperation in information exchange and training.
Both leaders affirmed the importance of enhancing cooperation in multilateral mechanisms such as the G20, the Organization of Islamic Cooperation, the International Monetary Fund, and the Non-Aligned Movement, to address global challenges.
UNI XINHUA