Hong Kong – Hong Kong signs MoU with Saudi Arabia on investment promotion (with photos/video)
Hong Kong signs MoU with Saudi Arabia on investment promotion (with photos/video)
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Invest Hong Kong and the Ministry of Investment of Saudi Arabia (MISA) signed a Memorandum of Understanding (MoU) today (December 7) to foster co-operation on investment promotion exchange and support.
Witnessed by the Chief Executive, Mr John Lee, and the Minister of Investment of Saudi Arabia, Mr Khalid Al-Falih, the MoU was signed by the Director-General of Investment Promotion, Ms Alpha Lau, and the Associate Office Director-China of the MISA, Mr Ayidh Alyami.
“In February this year, I led a high-level delegation to visit the Middle East region, and promoted Hong Kong’s unique advantages to the governments and business sectors in Saudi Arabia and the United Arab Emirates. During the visit, Hong Kong and the enterprises and institutions of the two countries signed a total of 13 high quality MOUs or letters of intent, building a solid foundation for the long-term development of Hong Kong businesses in the Middle East region, while simultaneously attracting Middle Eastern businesses and capital to invest in Hong Kong,” Mr Lee said.
“The signing of the MoU between Hong Kong and Saudi Arabia today marks a new milestone between the two places in terms of investment promotion exchanges. Under ‘one country, two systems’, Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world. Hong Kong is also an important investment hub in the Asia-Pacific Region. We will make good use of our roles as a ‘super connector’ and a ‘super value-adder’ to assist Mainland and overseas enterprises to respectively tap into the Mainland market and “go global”. Meanwhile, Saudi Arabia is a leading economy in the Gulf Region and an important source of foreign direct investment in the world. I am confident that following the signing of the MoU, there will be deeper and further co-operation on investment promotion between the two places,” Mr Lee added.
The MOU aims at enhancing co-operation on investment promotion between Hong Kong and Saudi Arabia. It strengthens the economic relations between the two places in the field of promotion of direct investment by encouraging exchange of visits and expertise, organisation of events such as meetings and conferences, as well as exchange of information related to business and investment climate etc.
Apart from signing the MoU, Hong Kong has also launched formal negotiations with Saudi Arabia on an Investment Promotion and Protection Agreement (IPPA), and both sides are intending to conclude the negotiations as soon as possible. The IPPA aims to protect, enhance and open investment and helps strengthen investor confidence and increase bilateral investment flows for boosting closer economic relations between Hong Kong and trade partners.
Saudi Tourism Authority and JCB sign a MoU to boost tourism in Saudi among global JCB cardmembers
RIYADH & TOKYO, Oct 18, 2023 – (JCN Newswire) – Saudi Tourism Authority (STA) and JCB International Co., Ltd. (JCB) have reached a historic agreement aimed at boosting tourism in Saudi among JCB cardmembers globally. The Memorandum of Understanding (MoU) was signed on 15 October 2023 and signifies a significant milestone in collaboration between the two entities. Alhasan Aldabbagh, President of Asia Pacific Markets at Saudi Tourism Authority (STA), said: “We are thrilled to partner with JCB International, a global leader in payment and technology. This is a great opportunity for our tourism industry, as it will offer more convenience, familiarity, and security for Japanese travelers and other Asian tourists who prefer to use cashless payment methods. We believe this collaboration will enhance the appeal of Saudi as a destination for international visitors and support our vision of becoming a leading global tourism hub.” The partnership with JCB is anticipated to unlock various opportunities for cooperation between Saudi and Japan. Notably, Japan is one of the 57 countries eligible for Saudi’s e-visa and visa on arrival, with special benefits such as a free one-night hotel stay for tourists flying onwards on SAUDIA as part of Saudi’s 96-hour Stopover Visa program. Other key initiatives include VisitSaudi.ja portal in Japanese and joint marketing campaigns with leading travel trade partners to create excitement all year round. Japanese holidaymakers can also take advantage of special hotel offers from local Destination Management Companies (DMC), with attractive deals inviting them to discover the true home of Arabia on their terms. Mr. Yoshiki Kaneko, President and CEO of JCB International Co., Ltd, expressed his enthusiasm for the partnership: “This is a great chance for us to promote exciting travel experiences to Saudi for our cardmembers. Like Japan, Saudi is a truly unique destination, with fascinating nature, culture and history.” He added, “We’ve been working closely with the leading local banks in Saudi such as SNB, Alinma Bank, Riyad Bank, ANB, and Bank Al Jazira on merchant and ATM enablement to ensure JCB’s 154 million card members enjoy a seamless experience in Saudi.” This partnership signifies an important step in enhancing tourism, facilitating travel, and fostering greater cultural exchange between Saudi and Japan. About Saudi Tourism Authority Saudi Tourism Authority (STA), launched in June 2020, is responsible for marketing Saudi’s tourism destinations worldwide and developing the destination’s offering through programs, packages and business support. Its mandate includes developing the country’s unique assets and destinations, hosting and participating in industry events, and promoting Saudi’s destination brand locally and overseas. STA operates 16 representative offices around the world, serving 38 countries. Find out more about Saudi’s tourism offerings on the Visit Saudi website. https://www.visitsaudi.com/ About JCB JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 43 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 154 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ Contact
Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network. As part of its continuous efforts to develop electronic payment services, the Saudi National Bank and JCB agreed the acceptance of the JCB Card through about 306,351 POS and 3,088 ATMs across the Kingdom of Saudi Arabia. This came as a result of a partnership agreement signed between the Saudi National Bank (SNB) and JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd., Japan’s only international payment brand. The partnership will provide greater convenience for JCB’s growing cardholders in the middle east markets to benefit from the usage of their JCB Cards throughout the Saudi National Bank POS and ATM network across the Kingdom. This step will allow JCB cardholders visiting the Kingdom, whose numbers are increasing in the global markets, to carry out financial operations with greater ease, safety, and comfort. Realizing the importance of moving the customer experience towards new horizons of excellence with the best global banking solutions, it is an important step in the Bank’s relentless endeavor to enrich the customer experience, and in cultivating this partnership for enhancing financial inclusion in line with the Saudi Vision 2030. Mr. Ahmed Bassam Abu Khamsin, Head of Global Transaction Banking at the Saudi National Bank commented on this partnership: “As a leading Saudi Bank, we always aspire to build strategic partnerships with significant international organizations to cope up with technology, support the Saudi Vision 2030 agenda, and meet our customers’ needs. The Saudi National Bank is a primary banking service provider and such partnership will help JCB penetrate the Saudi market.” Commenting on this partnership, Mr. Yoshiki Kaneko, President and COO of JCB International Co., Ltd. said: “Saudi Arabia is one of the most important travel destinations for our cardholders. Given the evolving strategy of the the Saudi Vision 2030, and in line with the growing relationship between the two countries, we are pleased to sign this partnership with the Saudi National Bank, one of the largest banks in the region, to allow the acceptance of JCB Cards inside the Kingdom. This partnership will serve business and tourism requirements of our cardholders.” It is noteworthy that the Saudi National Bank (SNB) banking services are widespread and accept a wide range of international payment and credit cards, in addition to JCB Cards, Japan’s only international payment brand with more than 150.5 million cards issued around the world. About JCB JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ About The Saudi National Bank (SNB) The Saudi National Bank (SNB) is the largest financial institution in Saudi Arabia and one of the largest powerhouses in the region. SNB plays a vital role in supporting economic transformation in Saudi Arabia by transforming the local banking sector and catalysing the delivery of the Saudi Vision 2030. Its strategy is closely aligned with the Saudi Vision programs. The Saudi National bank also leverages its position as the largest institutional and specialized financier in the Kingdom to support the Kingdom’s landmark deals and mega projects. The Saudi National Bank (SNB) vision is to be a primary financial and banking service provider locally and regionally through achieving strategic aspirations to have the highest revenues, profit, customer service, digital banking, the employer of choice, and the best Shariah-compliant products service provider in the world. For more information, please visit: https://www.alahli.com/ SNB: JCB Co., Ltd:
WHY WE’VE CHOSEN THE TYRES – – – • For the first visit to the spectacular new Jeddah street circuit in Saudi Arabia, the 34th country to host a Formula 1 Grand Prix, Pirelli is bringing the three compounds in the middle of the range: the C2 as the P Zero White hard…Japan – Saudi Tourism Authority and JCB sign a MoU to boost tourism in Saudi among global JCB cardmembers
JCB Co., Ltd:
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jpJapan – JCB and The Saudi National Bank Sign an Agreement to Allow the Acceptance of JCB Cards Through its Points of Sale and ATMs in The Kingdom of Saudi Arabia
Muhannad AlOmari
Corporate Relations
Tel: +966-11-811-2404
Email: Muhannad.Al-Omari@alahli.com
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp2021 Saudi Arabia Grand Prix – Preview
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