Friday, February 23, 2024

Indonesia extends investment invitation to Saudi Arabia for strategic airport ventures

Reading Time: 2 minutes
Journalist IBP




Budi Karya Sumadi, Indonesia’s Minister of Transportation, has extended an investment invitation to Saudi Arabia. The proposal involves Saudi Arabia becoming a shareholder and operator in Indonesia’s airports dedicated to Hajj and Umrah pilgrimages. 

The offer was conveyed during Budi Karya’s meeting with Saudi Arabia’s Minister of Transport and Logistics, Saleh Al-Jasser, in Riyadh. Highlighting the robust bilateral relations in the transportation sector. 

Budi Karya emphasized the potential for collaboration in Hajj flights and the urban transportation sector. The investment in pilgrimage airports is seen as a strategic move to enhance the traffic flow from Jeddah and Madinah to Indonesia.

“There are numerous opportunities for cooperation, particularly in Hajj flights and urban transportation development,” stated Budi on December 4, 2023.

The discussion also delved into potential collaboration between Saudi Arabian and Indonesian airlines. Budi Karya proposed exploring a joint venture to serve domestic routes, aiming to increase the availability of aircraft to meet domestic market demands.

Furthermore, Budi Karya sought support from Saudi Arabia to help Indonesian airlines secure an additional 20,000 Hajj slot times in 2024.

In the maritime sector, both countries recently signed an MoU on the Recognition of Standard Training Certification and Watchkeeping for Seafarer Certificates. This collaboration aims to establish mutual recognition between the two nations concerning maritime education, seafarer competency certificates, and health certificates for working aboard ships, aligning with international standards.

Addressing urban transportation, Saudi Arabia is currently actively developing public transportation in cities such as Riyadh, Jeddah, Mecca, Madinah, Dammam, and Qatif. 

This mirrors Indonesia’s efforts in developing Bus Rapid Transit (BRT), Light Rail Transit (LRT), Mass Rapid Transit (MRT), and the Jakarta-Bandung High-Speed Train. Budi Karya invited Saudi Arabia to participate in Indonesia’s railway infrastructure projects.

On the flip side, the Saudi Arabian government hopes Indonesia will promote the use of the Haramain high-speed railway for the Madinah-Jeddah-Mecca route, aiming to enhance services for Indonesian Hajj/Umrah pilgrims. 

Following the meeting with Minister Saleh Al-Jasser, Minister Budi Karya conducted an inspection of the Riyadh Metro Rapid Transit project, currently in the testing phase.

Journalist IBP






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


Shell’s LNG market outlook predicts a 50 percent increase in liquefied natural gas demand by 2040 as the coal-based industry transitions to gas in China and some countries in South and Southeast Asia.
The Japanese oil giant, Inpex Corporation, is currently seeking long-term gas buyers for the Abadi LNG project in the Masela Block.
In a historic move, the Organization for Economic Cooperation and Development (OECD) has decided to open accession discussions with Indonesia, marking a significant milestone in their collaborative efforts.
State-owned gas distributor PT PGN (PGAS), a subsidiary of Pertamina, has taken a bold step towards expanding its global business operations by orchestrating the sale of seven liquefied natural gas (LNG) cargoes to China. The move, equivalent to 64 billion British thermal units per day (BBtud), signifies PGN’s entrance into the international LNG market and underscores its commitment to diversifying its energy sales portfolio on a global scale.
The United States government congratulates the Indonesian people for their significant participation in the 2024 elections and expresses hope for collaboration with the elected president in addressing climate change.
PT Pertamina Hulu Energi (PHE) has entered into a collaboration with the Italian oil and gas company ENI and Malaysia’s Petronas to explore the potential of oil and gas blocks in Africa and South America.