The controversial Saudi sheep deal been shut down, which the Government says will save about $1 million.
The deal was made to set up an agribusiness hub in the Saudi desert for Saudi businessman Hmood Al Ali Al Khalaf, which would be used to showcase innovative New Zealand farming operations.
Taxpayer spending on the agrihub was approved by the previous National Government in February 2013, and the following year 900 sheep were flown over on Singapore Airlines.
But Trade Minister David Parker said the deal has now been axed.
"We're not spending any more money on its installation or delivery," Parker told 1 NEWS.