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Xi announced $10 billion in commercial loans & $10 billion in preferential loans to boost industrial cooperation between China & the Middle East.
The deal between John Nicoletti, Western Australia's biggest grain grower, and Hong Kong-based CK Life Sciences was finalized on Thursday.
In Riyadh, Xi also pushed for Saudi participation in the ambitious Silk Road and Belt project of China.
Data pointing to slower Chinese economic growth fanned stimulus hopes.
The country's gross domestic product (GDP) reached 67.67 trillion yuan (about $10.3 trillion) in 2015.
Egypt hopes to get Chinese loan agreements and investments in a number of sectors.
China has described the tensions in the Middle East as a threat to world peace.
Chinese construction firms have won billions of dollars worth of infrastructure contracts from Algeria in recent years.
Consumption contributed nearly 60 per cent of growth.
BRICS members, China, India and Russia are the three largest shareholders.
