Indonesia and Saudi Arabia have signed business agreements worth approximately $27 billion, spanning sectors such as clean energy, petrochemicals, aviation fuel services, healthcare, pharmaceuticals, and health technology.

The deals, formalized by private sector entities from both nations, were announced in a press release by the Indonesian Presidential Secretariat on Thursday.

The agreements were celebrated during a bilateral meeting at Al-Salam Palace in Jeddah on Wednesday, attended by Indonesian President Prabowo Subianto and Saudi Crown Prince Mohammed bin Salman.

In a joint statement, the leaders pledged to deepen bilateral ties, with a focus on boosting investment, trade, and the digital economy through enhanced private sector collaboration.

The two nations also committed to strengthening defense and security cooperation, emphasizing counterterrorism, combating extremism, cybersecurity, and joint efforts in information exchange and training.

Both leaders underscored the importance of multilateral cooperation within frameworks like the G20, the Organization of Islamic Cooperation, the International Monetary Fund, and the Non-Aligned Movement to tackle global challenges.

The landmark agreements signal a robust partnership aimed at fostering economic growth and addressing shared regional and global priorities. (ILKHA)