Saudi Arabia and Indonesia have signed roughly $27 billion worth of investment agreements and memorandums of understanding spanning clean energy, petrochemicals and aviation-fuel services. The pacts were concluded on 2 July during Indonesian President Prabowo Subianto’s stop in Jeddah, Saudi state news agency SPA said. The announcements followed President Prabowo’s meeting with Crown Prince Mohammed bin Salman at Al-Salam Palace, where the leaders pledged to deepen cooperation in crude-oil supply chains, mineral resources and other strategic sectors. According to SPA, two-way trade reached about $31.5 billion in the past five years. Among the headline transactions, Saudi renewables developer ACWA Power signed preliminary accords with Indonesia’s sovereign wealth fund Danantara and state energy firm Pertamina to explore up to $10 billion in joint renewable-energy projects. The $27 billion package is intended to anchor broader collaboration under a newly established Saudi-Indonesian Supreme Coordination Council. In a joint statement, the two countries also reiterated support for Palestinian statehood and Syria’s territorial integrity.