Saudi Arabia and South Africa signed numerous agreements during President Cyril Ramaphosa’s visit to the kingdom.
The official Saudi Press Agency reported today that the two countries inked agreements and memorandums of understanding worth more than $15 billion. They included an agreement to cooperate on energy matters including oil, hydrogen and renewables. They also pledged to establish a joint investment fund, announced a strategic partnership on the digital economy and information technology and expressed a desire to work together on Saudi Arabia’s growing mining sector in addition to numerous other deals, according to the agency.
