Saudi Arabia Draws Macquarie, Rinehart in Australia Pursuit (1)

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.

The two-day event aims to build on a budding relationship between Saudi Arabia and Australia, with mining magnate Gina ...