INVESTHK VISITS MIDDLE EAST TO ATTRACT BUSINESS INVESTMENT TO HONG KONG

Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng will commence his duty visit to the Middle East from today (April 6) to April 10, with key engagements in Saudi Arabia and the United Arab Emirates (UAE).

HONG KONG SAR - Media OutReach Newswire - 6 April 2025 - Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng will commence his duty visit to the Middle East from today (April 6) to April 10, with key engagements in Saudi Arabia and the United Arab Emirates (UAE). The visit underscores Hong Kong's commitment to deepening economic ties with these dynamic markets and promoting the city as a premier gateway for Middle Eastern businesses seeking opportunities on the Mainland and in the broader Asia-Pacific region.

Hong Kong has a strong, long-standing and ever-growing relationship with the Gulf region including Saudi Arabia and the UAE, marked by increasing co-operation in finance, trade, and investment. The city's merchandise trade with the Cooperation Council for the Arab States of the Gulf reached US$21.6 billion in 2023. These partnerships are further strengthened through initiatives such as the Belt and Road Initiative, which fosters greater connectivity and economic opportunities.

"Amid an increasingly complex global landscape and geopolitical uncertainties, countries in the Middle East are actively diversifying their investments. Hong Kong, as a global financial centre and a 'super connector' between the Mainland, Asia, and the rest of the world, is uniquely positioned to support this shift," said Mr Ng. "Under the 'one country, two systems' principle, our city offers a robust legal system, free flow of capital and information, and internationally aligned regulations. Beyond finance, Hong Kong is also a hub for trade, logistics, innovation and professional services. It serves as a gateway for Middle Eastern partners to tap into the Mainland and the broader Asia-Pacific region."

As part of its commitment to financial diversification, the city has developed a supportive platform for Islamic finance, including sukuk issuance and tax law amendments to ensure a level playing field with conventional bonds and the successful launch of three government sukuk. It continues to welcome more Islamic financial institutions and products to leverage Hong Kong's international financial platform and tap into opportunities across Asia and the Mainland.

During his visit to Riyadh, Jeddah and Dubai, Mr Ng will participate in numerous high-level business roundtables co-organised with Asia House, bringing together representatives from prominent businesses, family offices, and investors. He will also meet with representatives from leading Middle Eastern companies and discuss how establishing a presence in Hong Kong can drive their global expansion strategies.

These engagements aim to strengthen economic ties, foster collaboration, and attract more businesses from the Middle East to invest and expand through Hong Kong. By leveraging Hong Kong's unique position as a global financial and multinational supply chain management hub, InvestHK seeks to facilitate mutually beneficial partnerships that drive innovation and growth across regions.

By InvestHK

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

D’HOI CONCERT AT HOIANA – REDEEM YOUR EXCLUSIVE “BUY 4 GET 1” OFFER NOW!

We are pleased to share an exclusive cultural highlight of this summer — the D’HOI Concert. Inspired by the rhythm of the sea and the energy of Central Vietnam, D’HOI blends contemporary music, art, and coastal lifestyle into an elevated live experience. D’HOI celebrates contemporary Vietnamese creativity with dynamic staging, coastal-inspired visuals, and a lineup of rising and established artists. Join us for an unforgettable evening by the sea.

May 25, 2026

MEMBER CORNER / PROMOTIONS

EXPLORE SAIGON'S NEW CULINARY COLLECTIVE AT LEVEL 3, UNION SQUARE

Guided by a collective of talented chefs, each restaurant is defined through its cuisine, space, and attention to detail. From business lunches and evening gatherings to private occasions and curated gifting. This collection brings every dining moment into one distinctive destination – where people gather, reconnect, and share meaningful moments.

May 25, 2026

TECHNOLOGY

HCMC TARGETS COMMERCIALIZATION OF OVER 60% OF AI RESEARCH

The HCMC People’s Committee has issued a plan to implement the city’s program on artificial intelligence (AI) research and development for 2026 under the 2020–2030 roadmap. A key target is to raise the rate of direct application and commercialization of AI research outcomes and intellectual property assets to more than 60%.

May 22, 2026

VIETNAM ECONOMY INVESTMENT

HCMC SEEKS SOUTH KOREAN INVESTMENT IN FOUR SECTORS

In the next phase of its development, HCMC is prioritizing efforts to attract investment from South Korean businesses in four strategic sectors, including developing an international financial center, building AI and semiconductor ecosystems, expanding the startup and venture capital ecosystem, and advancing smart urban and green growth projects.

May 22, 2026

TECHNOLOGY

VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS

Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.

May 22, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

CAN THO TARGETS TOURISM REVENUE OF VND22 TRILLION BY 2030

By 2030, the Mekong Delta city of Can Tho looks to attract around 18 million visitors and generate tourism revenue of VND20–22 trillion as it seeks to make tourism a key economic sector contributing at least 10% of the city’s gross regional domestic product (GRDP). The strategic target is outlined in a newly issued resolution by the Can Tho City Party Committee on accelerating tourism development.

May 22, 2026