Indonesia and Saudi Arabia enjoy historically close bonds, with the latter being among the first countries that acknowledged Indonesia’s independence. Bilateral ties between the two nations have been characterized by the haj, manpower and energy issues.Yet in terms of investment, Indonesia has seen weaker capital inflow from Saudi Arabia toward Indonesia. The Middle Eastern kingdom is ranked 40th on the list of Indonesia’s sources for realized foreign investments, with US$5.3 million invested in 2018, according to the Investment Coordinating Board (BKPM).