Mr. Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources, announced that the Kingdom and China intend to establish a $20 billion investment fund and manage it jointly with a 50-50 cost and profit sharing. <Speaking on the sidelines of an economic conference for senior officials and businessmen from the two countries, Falih said that in addition to the fund, 11 trade agreements worth about 20 billion dollars are expected to be signed between the two sides today. He did not give details.