Rosan: Indonesia and Saudi Arabia Sign Investment MoU
Saudi Arabia — Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) and CEO of Danantara, Rosan Perkasa Roeslani, signed a Memorandum of Understanding (MoU) on Cooperation and Promotion of Direct Investment with the Minister of Investment of the Kingdom of Saudi Arabia, Fahad bin Abduljalil Al-Saif, in Jeddah, Saudi Arabia, on Tuesday (4/8/2026).
This agreement serves as a new foundation for strengthening economic partnership between the two countries through the promotion and facilitation of investment across various strategic sectors.
Minister Rosan emphasised that the signing of this memorandum of understanding aims to expand the historic relationship between Indonesia and Saudi Arabia towards a more productive economic partnership.
“Today is not merely the signing of a memorandum of understanding. Today is about transforming a long-standing friendship into stronger economic cooperation,” said Rosan in an official statement on Tuesday (4/8/2026).
Based on data from the Ministry of Investment/BKPM, realised foreign direct investment from Saudi Arabia in Indonesia during the period from 2021 to the first half of 2026 reached USD 126.2 million.
Rosan noted that there is alignment in development direction between Saudi Arabia’s Vision 2030 agenda and Indonesia’s efforts to accelerate industrialisation, downstreaming, infrastructure development, and economic transformation. This shared focus is seen as opening up enormous opportunities for collaboration amid the changing global economic landscape.
Through the MoU, both countries agreed to strengthen institutional coordination and facilitate investment through several technical measures. These measures include the exchange of statistical information, business opportunities, regulations, and investment climate data, regular consultations with the private sectors of both countries, the organisation of joint investment promotion activities, as well as the exchange of knowledge, expertise, and expert visits.
The government is targeting strengthened collaboration in a number of priority sectors, such as downstreaming, manufacturing, infrastructure, renewable energy, logistics, property, and digital technology.
“We want to see more Saudi Arabian companies investing in Indonesia and more Indonesian companies exploring business opportunities in Saudi Arabia,” said Rosan.