Indonesia is set to increase its financial presence in the Middle East through the Indonesian banks expansion. Deputy Minister of Foreign Affairs Anis Matta announced that three Indonesian banks will soon open branch offices in Saudi Arabia, Qatar, and the UAE. The initiative aims to strengthen financial infrastructure, support Indonesian citizens, and boost regional trade.
Anis revealed the expansion plan during a meeting with Islamic educational institutions in Banjarmasin, South Kalimantan, on December 9, 2025. He emphasized that Bank Syariah Indonesia, Bank Mandiri, and BNI will lead the effort. These institutions will cater to Indonesian communities and create broader business opportunities connecting Indonesia with the Middle East.
The deputy minister explained that the initiative is timely due to the rapid growth of Indonesian populations in these countries. “We are developing infrastructure and optimizing international flight networks to facilitate economic engagement,” he said. The plan highlights the government’s focus on improving services for citizens while enhancing cross-border financial activities.
Furthermore, Anis noted that the initiative will stimulate trade and investment between Indonesia and Middle Eastern markets. Recent bilateral discussions also showed interest from countries like India and Algeria. “They welcomed our meetings and invited us to explore further economic cooperation,” he added.
To manage this strategic plan, the Ministry of Foreign Affairs created a new directorate-general focused on economic affairs. The office will coordinate international business relations, while regional desks in all Indonesian provinces will identify and cultivate local business potential. This structure aims to streamline decision-making and attract foreign investment.
Anis also cited global economic pressures driving the strategy. Europe faces instability, while US-China economic tensions may limit Western investments, particularly in the Chinese market. “Technology flow is restricted, and China’s market is gradually closing,” he observed. These factors reinforce Indonesia’s focus on Middle Eastern financial engagement.
The Indonesian banks expansion represents a long-term strategy to strengthen economic ties, enhance investment flows, and support citizens abroad. Authorities plan to monitor the outcomes closely, expand services, and ensure that regional development aligns with broader national growth objectives.
Looking ahead, Indonesia intends to expand the banking network further in the Middle East. Officials expect the move to attract investors, create business opportunities, and enhance financial cooperation between the regions.
