Indonesia and Saudi Arabia Strengthen Investment Cooperation, Targeting Downstreaming and Renewable Energy
The Indonesian government and the Kingdom of Saudi Arabia have strengthened investment cooperation through the signing of a Memorandum of Understanding (MoU) on cooperation and promotion of direct investment.
The MoU was signed by Minister of Investment and Downstreaming/Head of BPKM Rosan Roeslani together with Saudi Arabia’s Minister of Investment Fahad bin Abduljalil Al-Saif.
Minister Rosan said the signing of the MoU is a strategic step to bring Indonesia-Saudi Arabia relations to a higher level through investment cooperation.
“This is not merely the signing of a memorandum of understanding, but about transforming a long-standing friendship into stronger economic cooperation,” Rosan said in a statement on Wednesday (5/8).
According to Rosan, Indonesia-Saudi Arabia relations are very close because they are built on mutual trust, respect, and people-to-people ties that have been forged over decades.
In the period from 2021 to the first half of 2026, Saudi Arabia’s foreign direct investment realisation in Indonesia was recorded at a total of US$126.2 million.
Rosan assessed that changes in the global economic landscape require countries to build stronger partnerships.
“Investors today no longer only consider competitive costs, but seek stability, certainty, and long-term investment opportunities,” he explained.
He added that Saudi Arabia’s Vision 2030 agenda shares a common direction with Indonesia’s economic transformation, which is accelerating industrialisation, downstreaming, infrastructure development, and economic transformation.
“The similarity in development direction opens up enormous collaboration opportunities for both countries,” he added.
Furthermore, Rosan revealed that both countries agreed to strengthen direct investment cooperation through the exchange of statistical information, business and investment opportunities, as well as regulations and investment climate; consultation with the private sector; organisation of joint promotional activities; and exchange of knowledge, expertise, and expert visits.
“This cooperation also serves as a platform to strengthen institutional coordination between the investment authorities of Indonesia and Saudi Arabia,” he said.
According to him, the success of the MoU is not measured by the signing process, but by tangible implementation capable of generating new investment, expanding business partnerships, creating jobs, and providing benefits for the people of both countries.
“We also want to strengthen collaboration in strategic sectors, ranging from downstreaming, manufacturing, infrastructure, renewable energy, logistics, property, to digital technology,” he explained.
Rosan affirmed the Indonesian government’s commitment to continuously creating a conducive investment climate through various policy reforms.
“We welcome investment that can create added value, encourage knowledge transfer, develop industry, and bring shared prosperity,” he concluded.