Riyadh, The Federation of Saudi Chambers organized the Saudi-Indonesian Business Forum, during which 8 trade agreements were signed between Saudi and Indonesian companies in the fields of export and import, food industries, and consumer goods.
During the forum, a number of Indonesian companies announced that they will enter the Saudi market and take advantage of the promising investment opportunities in the Kingdom's Vision 2030.
Indonesian Minister of Trade Dr. Zulkifli Hasan said Indonesian exports are high quality and will continue to increase in the Saudi market. He expressed his hope to sign a trade agreement with the GCC countries and to find ways to raise the level of trade and investment cooperation between the Kingdom of Saudi Arabia and Indonesia.
The volume of trade between the Kingdom of Saudi Arabia and Indonesia amounted to SAR 21.3 billion in 2021.
Source: Saudi Press Agency
