ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

King Salman's Southeast Asia tour brings major Aramco investments

Saudi Arabian state visit largest in Indonesian history

Saudi Arabia's King Salman met President Joko Widodo in Bogor, West Java, during the Indonesian leg of his month-long Asia tour. (Photo courtesy of Indonesia’s presidential office)

JAKARTA/KUALA LUMPUR -- The visit of King Salman of Saudi Arabia and his massive entourage to Southeast Asia's two largest Muslim nations reached a climax on Wednesday when he met President Joko Widodo in Jakarta days after meeting Malaysian Prime Minister Najib Razak in Kuala Lumpur.

The tour has seen major business deals worth $13 billion sealed between Saudi company Aramco, the world's largest oil producer, and Pertamina and Petronas, the Indonesian and Malaysian state-owned oil companies. The investments will broaden Aramco's portfolio ahead of its $100-billion initial public offering in 2018 -- set to be the largest anywhere in history.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more