Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Trade>>Indonesia, Saudi Arabia to double trade by 2020
NEWS UPDATES Asean Affairs   9  May  2016  

Indonesia, Saudi Arabia to double trade by 2020

Indonesia and Saudi Arabia have agreed to double their bilateral trade value by 2020 as the two countries believe they have a lot of potential for expansion.

Trade Ministry expert for trade services Arlinda Imbang Jaya said the total trade between Indonesia and Saudi Arabia amounted to US$8.5 billion in 2015.

Indonesian exports to Saudi Arabia amounted to $3.35 billion in 2015, while imports were worth $5.14 billion.

“The figures are yet to reflect the potential of both countries,” she said while receiving a Saudi business delegation at her office in Jakarta on Wednesday.

Arlinda said Saudi Arabia had expressed its interest in cooperating with various business players including those running professional nursing care, producing pharmaceutical products, cosmetics and medical equipment.

Saudi Arabia is one of the biggest potential markets for Indonesia in the Middle East, she said.

Indonesia’s main export commodities to Saudi Arabia are cars, palm oil, tuna, rubber and rubber products, plywood, paper and paper products, pulp, charcoal, textile and textile products.

Arlinda asked Indonesian businesses to increase the quality of their products to meet the requirements set by the Saudi authority, the Saudi Standards, Quality, and Metrology Organization ( SASO ).

Head of the Chamber of Commerce and Industry in Mecca Maher Jamal said the trade partnership between Indonesia and Saudi Arabia did not match the political and cultural ties.

He said Saudi Arabia was ready to facilitate and help Indonesian companies to expand their businesses in Saudi Arabia.

Jamal said the trade value between Indonesia and Saudi Arabia was expected to increase by 15 percent every year.

To reach this goal, Saudi Arabia will participate in exhibitions staged by Indonesia, he said, adding that Indonesia also should participate in exhibitions held in Saudi Arabia.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May 9, 2016 Subsribe Now !
• PPSEZ IPO fully subscribed Subcribe: Asean Affairs Global Magazine
• IMF cuts Brunei’s GDP forecast for 2016
• Upcoming energy forum to look at growing economies
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

Indonesia, Saudi Arabia to double trade by 2020
Philippine peso falls on election jitters
Asean Analysis                   April 29, 2016
• Asean Analysis April 29, 2016
The Overlooked Gap in the Southeast Asia Maritime Security Initiative
Advertise Your Brand

Asean Stock Watch  May 6, 2016
• Asean Stock Watch-May 6, 2016
The Biweekly Update
• The Biweekly Update April 29, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand