Saudi Arabia and South Africa has signed agreements and memorandums of understanding worth about $15 billion during a state visit by South Africa’s president to Riyadh, Saudi state news agency SPA reported on Monday.
There were no immediate details about the signed deals.
Both countries agreed to explore investment sectors and opportunities in areas of common interest, especially renewable energy, industry, mining, tourism, logistics and agriculture.
Welcoming the signings, Saudi Arabia’s Crown Prince Mohammed bin Salman and South Africa’s President Cyril Ramaphosa stressed the importance of strengthening joint cooperation and bilateral ties, according to the joint statement.
The two sides highlighted the positive outcomes that were achieved since the South African’s visit to the Kingdom in 2018, which allowed for the expansion of cooperation between the two countries in various fields, according to SPA.
During their meeting, the two leaders discussed areas of economic and trade cooperation and stressed the
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