"China is a good friend and partner to Saudi Arabia", Xi told Mohammed in a meeting in the Great Hall of the People.
Saudi Arabia had signed agreements for investment of $20 billion during Prince Mohammed's visit to Pakistan.
The crown prince's trip comes five months after he came under intense pressure in the U.S. and elsewhere following the killing of journalist Jamal Khashoggi at the Saudi Consulate in Istanbul.
However, Pakistan was mentioned in the context of "consistent efforts" made by Prime Minister Modi since May 2014 including his personal initiatives to have friendly relations with the neighbouring country, with the visiting leader appreciating the efforts.
He later toured the Great Wall of China with the country's ambassador to Riyadh.
The Saudi Arabian General Investment Authority also announced the signing of 35 non-binding memorandums of understanding, including deals related to energy, mining, transportation and e-commerce.
Thus far, Turkey has been the only majority Muslim country to criticize Beijing, with its Foreign Ministry this month calling the treatment of minority Uighurs "a great cause of shame for humanity" and saying it is "no longer a secret" that China has arbitrarily detained more than a million Uighurs in "concentration camps".
Analysts say that for China, the visit of MBS shows that despite its suppression of Uighur and other Muslim minorities, Beijing can still look forward to a mutually advantageous relationship with a major Muslim country. The prisoners thanked Prime Minister Imran Khan and Saudi Crown Prince Muhammad Bin Salman.
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The two sides expressed satisfaction at the first Joint Venture West Coast Refinery and Petrochemical Project estimated to cost $44 billion and both sides agreed to expedite the implementation of the project, which would be the largest green field refinery in the world to be implemented in one phase.
Saudi Aramco is willing to invest in other projects in India, Nasser said on Wednesday, noting that the oil giant is in talks with Indian companies, including Reliance Industries.
Aramco vowed to supply up to 70 percent of the crude feedstock for the refinery.
Wang said both countries face the threats of terrorism and extremism, and should strengthen cooperation to safeguard security and stability.
China sees "enormous potential" in Saudi Arabia's economy and wants more high-tech cooperation, State Councillor Wang Yi, the Chinese government's top diplomat, said yesterday.
China has traditionally played little role in Middle East conflicts or diplomacy, despite relying on the region for oil, with Iran its fourth largest supplier a year ago, but has been trying to raise its profile, especially in the Arab world.
China advocates cooperation among global and regional parties to swiftly put the Middle East on the road of stability and development, he said.
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