The Trade between Saudi Arabia and New Zealand has strengthened with $100 million in new commercial deals. These agreements immediately highlight both countries’ commitment to expanding economic cooperation.
The deals include agreements between NIG Nutritionals and Al Dawaa Pharmacies, 26 Seasons and Qassim Strawberry & Fruit Cooperative Society, and Gallagher Animal Management and Al Tajweed. These partnerships will generate significant value for New Zealand businesses and enhance Saudi Arabia’s market access.
New Zealand Trade Minister Todd McClay led a delegation of 21 companies to Riyadh. They aimed to promote investment, explore partnerships, and strengthen trade relations. He noted that Saudi Arabia is one of the Middle East’s most dynamic markets.
“These partnerships mark a major step in deepening trade with Saudi Arabia and the Gulf region,” McClay said. “They are expected to generate over $100 million in commercial value.” He emphasized that the agreements will boost exporters and reinforce New Zealand’s role as a reliable trade partner.
McClay also met Saudi Arabia’s Minister of Investment, Khalid Al-Falih, to explore additional investment opportunities. These discussions build on the New Zealand–GCC Free Trade Agreement, which was signed last year and is expected to open further trade channels.
Trade between the two countries has surged in recent years. Exports from New Zealand to Saudi Arabia have increased by 118 percent since 2021. Dairy products account for 80 percent of exports, followed by meat at nearly 10 percent. Two-way trade reached $1.58 billion in 2025, with New Zealand exports valued at $1.35 billion.
The agreements mark 48 years of diplomatic relations. New Zealand’s trade delegation also visited the Saudi Public Investment Fund and the Expo 2030 site to assess future opportunities. McClay described the GCC trade deal as a foundation for growing long-term partnerships.
Saudi Arabia’s Vision 2030 strategy is reshaping the economy and creating investment opportunities. New Zealand businesses see this as a chance to expand operations and participate in the Kingdom’s economic transformation.
These deals will benefit multiple sectors, including agriculture, pharmaceuticals, and technology. Both nations aim to increase trade volumes and deepen commercial ties through ongoing collaboration. The new agreements highlight the importance of building strong trade relations and economic resilience.
By continuing to strengthen trade, both countries expect to grow exports, attract investments, and support sustainable economic growth. Analysts predict that the partnerships will also encourage innovation and knowledge sharing between companies.
