Indonesia eyes Saudi investment in agriculture

Food security is one of the key objectives of Vision 2030, Saudi Arabia’s diversification and transformation plan. (AFP file photo)
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Updated 26 July 2023
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Indonesia eyes Saudi investment in agriculture

  • Indonesia is the world’s top producer and exporter of palm oil
  • Food security is one of the key objectives of Vision 2030, Saudi Arabia’s diversification and transformation plan

JAKARTA: Indonesia sees an opportunity for agricultural cooperation with Saudi Arabia, the Ministry of Trade said on Wednesday after talks with a Saudi investment company interested in the country’s edible oil products.

Indonesia is the world’s top producer and exporter of palm oil. Its exports of the commodity are worth about $27 billion a year.

Saudi Arabia expressed interest in the sector during a recent meeting between officials of the Indonesian Mission in Riyadh and the Saudi Agricultural and Livestock Investment Co.

“Saudi Arabia has started to look into food security investments in Indonesia. One of the commodities they are looking to invest in is edible oil products,” the Indonesian Ministry of Trade said in a statement.

“On edible oil products, SALIC is extremely interested to form cooperation with Indonesia. Indonesia is the largest producer of crude palm oil (CPO), whether it’s produced by state plantations, private, or those that belong to the public.”

Food security is one of the key objectives of Vision 2030, Saudi Arabia’s diversification and transformation plan.

A state-owned enterprise, SALIC operates as an investment company, with its portfolio focused on food commodities identified “based on their strategic importance to ensure long-term food security,” including edible oil, according to the company’s website.

Commercial ties between Indonesia and Saudi Arabia have been on the rise for the past few years. Indonesia’s exports to the Kingdom grew by around 44 percent between 2018 and 2022, according to data from the Indonesian Embassy in Riyadh.

In 2022, the Southeast Asian country exported nearly 226 million metric tons of cooking oil to Saudi Arabia, making it the Kingdom’s main source of the commodity.


India marks ‘significant stride’ in space sector with launch of its heaviest satellite

LVM3-M6 rocket successfully carried its heaviest ever payload to low earth orbit on Dec. 24, 2025. (ISRO)
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India marks ‘significant stride’ in space sector with launch of its heaviest satellite

  • Wednesday’s mission also marks India’s 100th orbital launch
  • India plans to launch its first human space mission in 2027

NEW DELHI: India launched its heaviest communication satellite on Wednesday, marking the latest feat in the country’s efforts to establish itself in the global space industry.

The Indian Space Research Organization launched a LVM-3 rocket carrying the BlueBird Block-2 satellite, which weighs over 6 tonnes, from the Satish Dhawan Space Center in Sriharikota island off the Bay of Bengal at 8:55 a.m. local time.

Codenamed LVM3-M6, the mission was the ISRO’s 100th orbital launch and involved deploying the US-built satellite in low Earth orbit.

“A significant stride in India’s space sector,” Indian Prime Minister Narendra Modi said on X soon after the mission was declared successful by the ISRO.

“It strengthens India’s heavy-lift launch capability and reinforces our growing role in the global commercial launch market.”

The BlueBird Block-2 satellite was the “heaviest payload ever launched” from Indian soil, breaking a record set by the ISRO only last month, when it launched the CMS-03 communication satellite, which weighs about 4.4 tonnes.

“The successful LVM3-M6 launch of ISRO’s heaviest commercial payload to date marks a quantum leap in India’s launch capabilities, pushing the boundaries of LVM3’s performance in low Earth orbit,” Lt. Gen. (Retd) A. K. Bhatt, director-general of the Indian Space Association, said in a statement.

The mission exemplified the Indian space agency’s capability to handle “heavier payloads that cater to the global demand for advanced satellite constellations,” he added.

Under Modi, India has been making breakthroughs in the space industry.

For the past few years, the government has been creating the environment and long-term investment for the industry to flourish and involve the private sector. The ISRO has achieved significant milestones to add to India’s status as an emerging space superpower.

The achievements include a successful space docking mission in January. And the ISRO’s Chandrayaan-3 moon rover making history in 2023 by landing on the lunar surface. This made India the first country to land near the lunar south pole and the fourth to land on the moon — after the US, Soviet Union and China.

The ISRO is planning to use a modified version of the LVM-3 rocket for its future space missions, including India’s first human spaceflight program, the Gaganyaan mission, in 2027.

Its long-term space ambitions include building a modular space facility, the Bharatiya Antariksh Station, by 2035, and sending the first Indian to the moon by 2040.