Saudi Arabia announces Indonesia investments as king visits

AP  |  Bogor 

pledged USD 1 billion in development for Indonesia and expanded cooperation in other areas, deepening ties with Southeast Asia's biggest economy as the Saudi king and a huge entourage arrived today for a 9-day visit.

Enthusiastic crowds lined the route of King Salman's heavily guarded motorcade as it arrived in Bogor, near the capital Jakarta, where official events were held at an imposing presidential palace.



He was earlier welcomed at Jakarta's Halim airport by President Joko "Jokowi" Widodo and the minority Christian governor of Jakarta, Basuki "Ahok" Tjahaja Purnama, who is fighting a tough battle after being charged with blaspheming the Quran.

At a joint conference, the countries' foreign ministers affirmed Saudi Aramco and Indonesian company Pertamina's plans for a $6 billion refinery joint venture in Cilacap in central Java. The two countries also signed 11 agreements that included a Saudi commitment to provide USD 1 billion of financing for economic development and cooperation to combat transnational crime such as people smuggling, terrorism and drug trafficking.

Salman is on a tour of Asian countries to advance the kingdom's economic and business interests. On his first stop in Malaysia, Saudi Aramco signed a $7 billion deal to take a 50 percent stake in a Malaysian refinery. Salman will also visit Brunei, Japan, China and the Maldives, the official Saudi Press Agency has reported.

The first visit of a Saudi monarch to Indonesia, the world's most populous Muslim nation, in nearly a half century generated blanket media coverage.

Live broadcasts showed the octogenarian Salman exiting his plane at Halim using a gold-colored escalator sent from for the visit, with a portable lift carrying him the final meter or so to the ground.

Salman will spend six of his nine days in Indonesia vacationing on the resort island of Bali, a predominantly Hindu part of the Indonesian archipelago.

"As the world's biggest Muslim nation, Indonesia will always have a special bond with Saudi Arabia," said Jokowi. "Indonesia and are two big countries that have important influence in the region, and our countries should continue to improve cooperation both in bilateral and international contexts."

Indonesia practices a moderate form of Islam and has a democratic secular government, but Saudi-funded institutes in the country are known to spread a highly doctrinaire interpretation of the Quran.

They are tolerated in part because Indonesia wants to at least maintain its annual quota of citizens who can enter to participate in the hajj to Islam's holiest city.

Jokowi said he appreciated that Indonesia's hajj quota, which was reduced in the aftermath of the 2015 hajj disasters, had been restored and expanded for 2017 with 221,000 pilgrims allowed from Indonesia.

The Indonesian government said Salman's entourage and related delegations number about 1,500 people. They have booked out four hotels in a posh Jakarta neighborhood for the week and about 10,000 police and soldiers have been deployed for security, including for Salman's Bali trip.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Saudi Arabia announces Indonesia investments as king visits

Saudi Arabia pledged USD 1 billion in development finance for Indonesia and expanded cooperation in other areas, deepening ties with Southeast Asia's biggest economy as the Saudi king and a huge entourage arrived today for a 9-day visit. Enthusiastic crowds lined the route of King Salman's heavily guarded motorcade as it arrived in Bogor, near the capital Jakarta, where official events were held at an imposing presidential palace. He was earlier welcomed at Jakarta's Halim airport by President Joko "Jokowi" Widodo and the minority Christian governor of Jakarta, Basuki "Ahok" Tjahaja Purnama, who is fighting a tough election battle after being charged with blaspheming the Quran. At a joint news conference, the countries' foreign ministers affirmed Saudi Aramco and Indonesian oil company Pertamina's plans for a $6 billion refinery joint venture in Cilacap in central Java. The two countries also signed 11 agreements that included a Saudi commitment to provide USD 1 billion of ... pledged USD 1 billion in development for Indonesia and expanded cooperation in other areas, deepening ties with Southeast Asia's biggest economy as the Saudi king and a huge entourage arrived today for a 9-day visit.

Enthusiastic crowds lined the route of King Salman's heavily guarded motorcade as it arrived in Bogor, near the capital Jakarta, where official events were held at an imposing presidential palace.

He was earlier welcomed at Jakarta's Halim airport by President Joko "Jokowi" Widodo and the minority Christian governor of Jakarta, Basuki "Ahok" Tjahaja Purnama, who is fighting a tough battle after being charged with blaspheming the Quran.

At a joint conference, the countries' foreign ministers affirmed Saudi Aramco and Indonesian company Pertamina's plans for a $6 billion refinery joint venture in Cilacap in central Java. The two countries also signed 11 agreements that included a Saudi commitment to provide USD 1 billion of financing for economic development and cooperation to combat transnational crime such as people smuggling, terrorism and drug trafficking.

Salman is on a tour of Asian countries to advance the kingdom's economic and business interests. On his first stop in Malaysia, Saudi Aramco signed a $7 billion deal to take a 50 percent stake in a Malaysian refinery. Salman will also visit Brunei, Japan, China and the Maldives, the official Saudi Press Agency has reported.

The first visit of a Saudi monarch to Indonesia, the world's most populous Muslim nation, in nearly a half century generated blanket media coverage.

Live broadcasts showed the octogenarian Salman exiting his plane at Halim using a gold-colored escalator sent from for the visit, with a portable lift carrying him the final meter or so to the ground.

Salman will spend six of his nine days in Indonesia vacationing on the resort island of Bali, a predominantly Hindu part of the Indonesian archipelago.

"As the world's biggest Muslim nation, Indonesia will always have a special bond with Saudi Arabia," said Jokowi. "Indonesia and are two big countries that have important influence in the region, and our countries should continue to improve cooperation both in bilateral and international contexts."

Indonesia practices a moderate form of Islam and has a democratic secular government, but Saudi-funded institutes in the country are known to spread a highly doctrinaire interpretation of the Quran.

They are tolerated in part because Indonesia wants to at least maintain its annual quota of citizens who can enter to participate in the hajj to Islam's holiest city.

Jokowi said he appreciated that Indonesia's hajj quota, which was reduced in the aftermath of the 2015 hajj disasters, had been restored and expanded for 2017 with 221,000 pilgrims allowed from Indonesia.

The Indonesian government said Salman's entourage and related delegations number about 1,500 people. They have booked out four hotels in a posh Jakarta neighborhood for the week and about 10,000 police and soldiers have been deployed for security, including for Salman's Bali trip.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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