RIYADH- Saudi Arabia has signed 23 agreements worth $15 billion dollars at its annual investment forum, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.

The Future Investment Initiative conference, which is now in its third year, aims to attract foreign investment into the kingdom.

Agreements include a $120 million investment deal between SAGIA and BRF Brazil Foods and a $700 million investment deal between SAGIA and Modular Middle East, both aimed at developing operations within Saudi Arabia, the statement said.

(Reporting by Davide Barbuscia, writing by Nafisa Eltahir; Editing by Jon Boyle) ((Nafisa.Eltahir@thomsonreuters.com; +20 109 4966 335;))