Indonesia to Ramp Up Exports to Saudi Arabia

Summary

Trade Minister Zulkifli Hasan witnessed the signing of eight trade contracts, cooperation agreements, and memorandums of understanding (MoU) worth more than US$155.7 million or around Rp 2.3 trillion between Indonesian and five Saudi Arabian companies. The signing occurred on Jan 23 at the Federation of Saudi Chambers office in Jeddah, Saudi Arabia. "These collaborations will hopefully boost more commodity transactions," Zulkifli Hasan said in an official broadcast on Tuesday.

Indonesian companies involved in the signing will export various commodities to Saudi Arabia, such as food, RBD palm olein, cooking oil, fish products, and their sub-products, meats, vegetables, and their sub-products, fruits, cocoa, rice, spices, egg noodles, and charcoal.

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