Indonesian President Prabowo Subianto visited the Gulf kingdom yesterday and met Saudi Crown Prince Mohammed bin Salman.

“The two sides also agreed to bolster cooperation in the supply of crude oil and its derivatives, improve supply chains and their sustainability in the energy field and strengthen cooperation in mineral resources,” the Saudi state news agency said.

Trade between the two countries amounted to around US$31.5 billion in the last five years, according to SPA.

Saudi Arabia’s ACWA Power has signed initial agreements to explore investment opportunities in renewable energy projects with the sovereign wealth fund, Danantara Indonesia, and the state energy firm Pertamina, according to a statement from Danantara.

“The companies are expected to explore potential investments with up to US$10 billion worth of project funding,” Danantara added.