Indonesia signs direct investment deal with Saudi Arabia to promote strategic cooperation

JAKARTA: Indonesia and Saudi Arabia have signed an agreement to promote direct investment and facilitate cross-border capital flows, as Jakarta seeks to attract more Saudi companies to its strategic sectors. The Saudi Minister of Investment Fahad bin Abduljalil Al-Saif and his Indonesian counterpart Rosan P. Roeslani signed a memorandum of understanding earlier this week, aimed at increasing economic cooperation.

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