JAKARTA, July 3 (Xinhua) -- Indonesia and Saudi Arabia have agreed on business cooperation worth some 27 billion U.S. dollars in various sectors, including clean energy, petrochemical industries, aviation fuel services, healthcare, pharmaceuticals, and health technology.

According to a press release by the Indonesian Presidential Secretariat on Thursday, the agreements were signed by private sector entities from both countries and welcomed by President Prabowo Subianto and Saudi Crown Prince Mohammed bin Salman during a bilateral meeting at Al-Salam Palace in Jeddah on Wednesday.

In a joint statement, both leaders expressed their commitment to strengthening and expanding bilateral cooperation, particularly in investment, trade, and the digital economy, including enhanced private sector collaboration.

They also welcomed the strengthening of defense and security cooperation, including counterterrorism, the fight against extremism, cybersecurity, and cooperation in information exchange and training.

Both leaders affirmed the importance of enhancing cooperation in multilateral mechanisms such as the G20, the Organization of Islamic Cooperation, the International Monetary Fund, and the Non-Aligned Movement, to address global challenges. ■