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Saudi Arabia, Indonesia sign several deals worth around $27 billion

1 min Mena Today

Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.

Jakarta, Indonesia © Mena Today 

Jakarta, Indonesia © Mena Today 

Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.

Indonesian President Prabowo Subianto visited the Gulf kingdom on Wednesday and met Saudi Crown Prince Mohammed bin Salman.

The two sides also agreed to bolster cooperation in the supply of crude oil and its derivatives, improve supply chains and their sustainability in the energy field and strengthen cooperation in the field of mineral resources, the Saudi state news agency said.

Trade between the two counties amounted to around $31.5 billion in the last five years, according to SPA.

Reporting by Jaidaa Taha and Muhammad Al Gebaly

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