(MENAFN) Saudi Arabia and China aim to set up and operate an USD20bn investment fund, as proclaimed Saudi Minister of Energy, Industry and Mineral Resources.
Meanwhile, Saudi's Cabinet authorized the minister, or his deputy to talk with the Chinese side a draft memorandum of understanding between both nations.
Accordingly, the minister predicts 11 business deals worth USD20bn to be inked between both sides.
Moreover, the Cabinet also confirmed the authorization of the Minister of Justice or his deputy to discuss with the Chinese side a draft judicial co-op deal between both nations.
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