Hong Kong and Saudi Arabia are set to enhance collaboration across several key sectors, including investment, renewable energy, technology, infrastructure, and financial services, as part of efforts to bolster economic ties. This development follows recent discussions held during an event organized by the Saudi-Hong Kong Business Council in Hong Kong, where business leaders from both regions explored new opportunities.
The discussions centered on aligning Hong Kong’s status as a global financial hub with Saudi Arabia’s Vision 2030 development program, which aims to diversify the kingdom’s economy. Adrian Cheng, the Council Chairman, highlighted Hong Kong’s potential to serve as a conduit for international investors and businesses seeking opportunities in Saudi Arabia and the broader Middle East. The priorities outlined include financial innovation, artificial intelligence, clean energy, infrastructure development, cultural tourism, family offices, and professional services.
To facilitate these ambitions, the council plans to assist companies through initiatives such as business matching, project promotion, policy guidance, and investment financing services. These efforts are intended to speed up the formation of cross-border partnerships, fostering economic growth in both regions.
During the event, Saleh Khabti stressed the need to translate discussions into tangible projects and investment results. He underscored the importance of focusing on implementation and long-term cooperation, suggesting that concrete actions are essential to achieving the goals set during the dialogue.
