The Impact of Foreign Direct Investment (FDI) from Saudi Arabia to Indonesia in the Energy and Oil Sector in 2022-2023

Zakky Prastyo; Sritami Santi Hatmini

doi:10.55927/jsih.v4i3.495

Authors

Zakky Prastyo Universitas Slamet Riyadi
Sritami Santi Hatmini Universitas Slamet Riyadi

DOI:

https://doi.org/10.55927/jsih.v4i3.495

Keywords:

Foreign Direct Investment (FDI), Indonesia, Saudi Arabia, Energy, Oil

Abstract

This study discusses Foreign Direct Investment (FDI) from Saudi Arabia to Indonesia in the energy and oil sector in 2022–2023. Saudi FDI is one of the main strategies in the implementation of Saudi Vision 2030 to encourage economic diversification. The research method used is descriptive qualitative with a literature study and documentation approach. The results of the study show that the increase in Saudi Arabian FDI has made a significant contribution to strengthening Indonesia's energy infrastructure, reducing oil import dependency, and creating jobs. The role of Indonesian trade diplomacy is very important in facilitating the entry of such strategic investments through negotiations and promotion in international forums. These findings reinforce the understanding that FDI is an important instrument in mutually beneficial bilateral economic relations.

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