RIYADH (Agencies) - India and Saudi Arabia have vowed to jointly combat terrorism and money laundering as they signed an extradition treaty and several agreements to raise their bilateral cooperation to a strategic partnership covering security, economic, energy and defence areas. King Abdullah Bin Abdul Aziz of Saudi Arabia and visiting Indian Prime Minister Manmohan Singh, who held wide-ranging discussions here, late Sunday signed the 'Riyadh Declaration - A New Era of Strategic Partnership at a ceremony at the Al Rawad Palace, outlining the contours of a new era of strategic partnership between the two countries and to put their seal on steadily growing ties. After the unprecedented welcome on Friday when the entire Saudi Cabinet was present to receive him at the airport on his arrival, Manmohan was accorded a grand reception at the imposing Palace. King Abdullah received the Indian Prime Minister and participated in the whole welcome ceremony, a rare honour bestowed on visiting dignitaries. Both sides emphasised the importance of strengthening the strategic energy partnership in line with the Delhi Declaration of 2006, including meeting Indias increasing requirement of crude oil supplies and identifying areas of new and renewable energy. According to the Riyadh Declaration, the two leaders condemned terrorism, extremism and violence affirming that it is global and threatens all societies and is not linked to any race, colour and belief. The two leaders reviewed the status of implementation of the historic Delhi Declaration signed in 2006, and expressed their satisfaction at the steady expansion of Saudi-India relations since the signing of the Delhi Declaration, the new declaration read. Both sides agreed to enhance cooperation in exchange of information relating to terrorist activities, money laundering, narcotics, arms and human trafficking, and develop joint strategies to combat these threats. The extradition treaty, signed by Indian Health and Family Welfare Minister Ghulam Nabi Azad and Saudi Prince Naif bib Abdulaziz, was second deputy prime minister and interior minister, further enhances existing security cooperation and will help in apprehending wanted persons in each others country, Vijaya Latha Reddy, secretary (east) in the External Affairs Ministry, told reporters here. Besides this four other agreements were inked in the presence of the two leaders. These are relating to transfer of sentenced persons, cultural cooperation, memorandum of understanding between Indian Space Research Organisation and King Abdulaziz City for Science and Technology for cooperation in peaceful use of outer space and joint research and information technology. Five other agreements were signed during the day, including one by Tata Motors to supply school buses worth $80m. We hope this treaty will facilitate the transfer of Indian prisoners back to India where they could serve the remaining (part of the) sentence (given by a Saudi court), said Latha Reddy of the Indian External Affairs Ministry. Besides the King, Manmohan Singh also met Saudi Foreign Minister Prince Saud Al-Faisal, Petroleum and Mineral Resources Minister Ali Al-Naimi and Commerce and Industry Minister Zainal Alireza. Manmohan Singh used his presence to say that India desired greater ties with Pakistan, which has close ties with Saudi Arabia, but Islamabad would have to stop fostering anti-India terrorists. The six-page declaration said keeping in view the development of relations between the two countries, and the potential for their further growth, the two leaders decided to raise their cooperation to a strategic partnership covering, security, economic, defence and political areas. The two leaders agreed to continue strengthening defence cooperation in a way that realises the common interests of Saudi Arabia and India. Both King Abdullah and Manmohan discussed the peace process in the Middle East and reviewed the ongoing efforts. The two leaders reiterated their mutual desire to develop as knowledge-based economies based on advances in the areas of information technology, space science and other frontier technologies, it stated. They hoped there would be early resumption of the peace process in accordance with UN Security Council resolutions and the Arab Peace Plan with a view to address all key issues of the dispute comprehensively and within a definite time-frame leading to the establishment of a sovereign, independent, united and viable Palestinian state. The two leaders emphasised that continued building of settlements by Israel constitutes a fundamental stumbling block for the peace process. The declaration said King Abdullah and Manmohan reiterated their support for the ongoing international efforts to resolve the issues relating to Irans nuclear programme peacefully through dialogue. They asked Iran to respond to these efforts in order to remove regional and international doubts about its nuclear programme. This was especially so as these efforts ensure the right of Iran and other countries to peaceful uses of nuclear energy according to the yardsticks and procedures of the IAEA and under its supervision. The declaration said the situation in Afghanistan figured in the talks and the two leaders called for preservation of the countrys sovereignty and independence. They supported the efforts of the Afghan people to achieve stability and security, protected from exploitation by the terrorist organisations, while upholding the values and principles of the constitution of Afghanistan, it stated.