Indonesia and Saudi Arabia have launched a new strategic investment partnership, as the two countries signed a bilateral agreement designed to increase foreign direct investment (FDI) flows between the two nations, apart from strengthening economic cooperation between Riyadh and Jakarta.
The new framework will establish closer institutional cooperation on investment promotion, apart from creating mechanisms to facilitate future cross-border investment projects as both countries pursue economic transformation strategies amid the ongoing geopolitical volatility.
According to official figures, Saudi Arabia invested approximately USD 126.2 million in Indonesia between 2021 and the first half of 2026, providing a foundation for expanding bilateral investment in strategic sectors.
Under the new partnership, Riyadh and Jakarta will cooperate on sharing investment data, exchanging regulatory information, and improving coordination between national investment authorities.
The agreement also includes provisions for technical cooperation, expert exchanges, joint investment promotion activities, and closer dialogue aimed at identifying new investment opportunities.
The agreement was signed on Tuesday (August 4) by Indonesian Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani and Saudi Arabian Minister of Investment Fahad bin Abduljalil Al-Saif.
During the occasion, both the officials said that the partnership’s success would ultimately be measured by its practical outcomes, including increased investment projects, stronger industrial cooperation, job creation and broader economic benefits for the Kingdom and the Indonesia.
Taking note of the ongoing geopolitical complexities, Rosan noted that shifts in the global economic landscape are prompting nations to forge resilient partnerships, as modern investors prioritize market stability, regulatory certainty and long-term prospects over mere cost efficiency.
“Saudi Arabia is driving its Vision 2030 modernization agenda, while Indonesia is accelerating industrialization, downstreaming, infrastructure development, and economic transformation. This shared trajectory opens substantial opportunities for strategic collaboration,” he remarked.
The agreement, as per the officials, also serves as a platform for strengthening institutional coordination between the investment authorities of both countries.
“Indonesia is open to investment. Indonesia is committed to reform. We welcome investments that create added value, encourage knowledge transfer, develop industry, and generate shared prosperity,” Rosan concluded.