HONG KONG, Oct 31, 2025 – (ACN Newswire)–A service delegation collectively arranged by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC) and led by Financial SecretaryPaul Chanchecked out Riyadh, the capital of Saudi Arabia, from 27 to 31 October.
The delegation participated in the Future Investment Initiative (FII) Summit and consulted with senior federal government authorities and magnate to promote cooperation in between Hong Kong and Saudi Arabia in locations, such as development and innovation (I&T), wise city, AI, fintech and biotechnology, supporting the objectives of Saudi Arabia’s Vision 2030.
The see effectively cultivated exchange in between Hong Kong and Chinese Mainland business based in Hong Kong and their Saudi equivalents, deepened their understanding of the Middle East market and promoted Hong Kong’s distinct function as a superconnector and extremely value-adder in international trade.
Saudi Arabia is the biggest economy in the Middle East, with a GDP of US$ 1.084 trillion in 2024. Since 2024, it is Hong Kong’s fourth-largest trading partner and third-largest export market in the area. Regardless of its huge oil reserves, Saudi Arabia’s Vision 2030 objectives to lower reliance on oil and change the nation into a personal sector-led, open economy. The strategy looks for to improve nationwide competitiveness and draw in foreign financial investment, especially in facilities, tourist and green energy.
Saudi Arabia’s financial improvement provides brand-new chances for Hong Kong and mainland business. The structure of the delegation shows the strong interest of both company neighborhoods in the Saudi market and highlights Hong Kong’s function as a crucial platform linking worldwide and mainland business. The delegation consisted of around 40 agents from sectors, consisting of I&T, clever cities, AI, fintech and biotechnology.
On 28 October, the delegation went to the FII Summit opening event and a crucial thematic conversation session, at which Financial SecretaryPaul Chanshared Hong Kong’s experience in promoting different public-private collaboration designs. He kept in mind that the HKSAR Government is speeding up the advancement of the Northern Metropolis as a brand-new engine for financial diversity, a crucial base for I&T markets and a source of quality job opportunity.”
In addition to going to the FII Summit, the delegation convened with regional chambers and organizations, consisting of Saudi Awwal Bank, Saudi National Bank, Riyadh Chamber of Commerce and Industry and Saudi Chinese Business Council. They likewise went to significant advancement tasks, consisting of Diriyah Gate Development Authority, Red Sea Global, the New Murabba wise city and The Garage innovation park. These engagements assisted in exchange in financial investment, cross-border financing, market growth, scholastic cooperation and expert services.
An emphasize of the see was the Hong Kong– Saudi Arabia Business Dinner, which supplied an important platform for thorough conversations in between Saudi business and the delegation. The occasion promoted varied cooperation chances and caused the finalizing of several memoranda of understanding (MoU) and cooperation arrangements, covering locations, such as wise movement, green energy, AI, robotics and digital improvement, laying a strong structure for future collaborations.
Anna CheungAssistant Executive Director of the HKTDC, stated: “The HKTDC is honoured to co-organise this objective with the HKSAR Government. Led by the Financial Secretary, this check out to Riyadh has actually assisted Hong Kong and mainland business based in the city check out brand-new service chances and even more reinforce Hong Kong-Saudi financial ties.”
She included that the HKTDC will continue to promote bilateral cooperation through exhibits, online forums, overseas objectives and organization matching activities, and eagerly anticipates seeing more Saudi business take advantage of Hong Kong as an entrance to the Chinese Mainland and the larger Asian market.
Several MoUs and cooperation contracts were signed at the Hong Kong-Saudi Arabia Business Dinner on 30 October:
- Hong Kong Trade Development Council and Digital Cooperation Organization
- Beijing Yunji Technology Co., Ltd and Young Life Travel and Tourism Co., Limited
- I2Cool Company Limited and Madar Building Materials Company Limited
- Maphive Technology Limited and Arabian Business Machines Company, a subsidiary of Olayan Saudi Holding Company
- Shenzhen RabbitPre Intelligence Technology Co., Ltd and HIBOBI Technology Limited
Image Download: https://bit.ly/4opjihu
Anna CheungAssistant Executive Director of the HKTDC (3rd left, front row), and members of business delegation participated in the FII Summit opening event and an essential thematic conversation session on 28 October, at which Financial SecretaryPaul Chan(4th left, front row) provided remarks
Group image of the delegation’s check out to the Saudi National Bank
The delegation held a bilateral conference with the Riyadh Chamber of Commerce and Industry
The delegation consulted with agents of Diriyah Gate Development Authority
The Hong Kong-Saudi Arabia Business Dinner was kept in Riyadh on 30 October, offering a platform for extensive exchange in between regional business and delegation members to check out partnership chances. The occasion caused the finalizing of numerous memoranda of understanding (MoU) and cooperation contracts
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About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body developed in 1966 to promote, help and establish Hong Kong’s trade. With over 50 workplaces internationally, consisting of 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way international financial investment and service center. The HKTDC arranges worldwide exhibits, conferences and company objectives to develop organization chances for business, especially little and medium-sized business (SMEs), in the mainland and global markets. The HKTDC likewise offers updated market insights and item details through research study reports and digital news channels. For additional information, please check out: www.hktdc.com/aboutus.
Subject: Press release summary
