Indonesia urges businesses to tap into Saudi market opportunities under Vision 2030
JAKARTA: The Indonesian government is urging local businesses to seize opportunities emerging under Saudi Arabia’s Vision 2030 and expand the presence of their products, especially consumer goods, in the Kingdom’s market.
President Prabowo Subianto and Saudi Crown Prince Mohammed bin Salman agreed last July to strengthen strategic cooperation following talks in Jeddah, where the two countries’ private sector players also signed deals worth about $27 billion in fields that include clean energy and petrochemicals.
Saudi-Indonesia trade ties have been on the rise in recent years, with non-oil trade worth more than $3.9 billion in 2025, a 12 percent increase from 2021.
Indonesia’s Ministry of Trade is now encouraging local businesses to look into potential collaborations related to the Saudi Vision 2030 transformation strategy, citing opportunities in sectors such as modest fashion, cosmetics, and food and beverage.
