Saudi Arabia Draws Macquarie, Rinehart in Australia Pursuit

Saudi Arabia is ramping up efforts to deepen ties with Australia — a country with which it has traditionally done limited business — as the kingdom seeks to capitalize on fresh momentum from deals in metals, mining and finance.

Officials from both countries will meet this week in Riyadh at the Saudi-ANZUK Forum to discuss trade, deals and investment. New Zealand and UK delegates are also slated to attend, with all four states looking to diversify trade channels amid tariff friction.