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Hong Kong-Saudi Arabia Economic Cooperation Mission FAQ
TL;DR
Hong Kong's delegation secured multiple MOUs with Saudi partners, creating first-mover advantages in AI, fintech, and green energy sectors during the FII Summit.
The Hong Kong-Saudi delegation systematically engaged through summit participation, institutional meetings, and business dinners to establish structured cooperation frameworks across key sectors.
This economic partnership supports Saudi Arabia's Vision 2030 transformation, fostering sustainable development and creating better opportunities for future generations in both regions.
Hong Kong companies explored Saudi Arabia's futuristic smart city projects and signed robotics agreements during a high-profile business dinner in Riyadh.
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The delegation aimed to strengthen Hong Kong-Saudi economic cooperation by promoting collaboration in innovation and technology, smart cities, AI, fintech, and biotechnology, while supporting Saudi Arabia's Vision 2030 goals.
The delegation was led by Financial Secretary Paul Chan and jointly organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council.
The delegation visited Riyadh from October 27 to 31, 2025.
The delegation attended the Future Investment Initiative (FII) Summit, where Financial Secretary Paul Chan shared Hong Kong's experience in promoting public-private partnership models.
Saudi Arabia is the largest economy in the Middle East with a GDP of US$1.084 trillion in 2024, and it is Hong Kong's fourth-largest trading partner and third-largest export market in the region.
Collaboration was discussed in innovation and technology, smart cities, AI, fintech, biotechnology, smart mobility, green energy, robotics, and digital transformation.
The visit led to the signing of multiple memoranda of understanding and cooperation agreements covering areas such as smart mobility, green energy, AI, robotics, and digital transformation.
The delegation met with Saudi Awwal Bank, Saudi National Bank, Riyadh Chamber of Commerce and Industry, Saudi Chinese Business Council, and visited major development projects including Diriyah Gate Development Authority and Red Sea Global.
The visit supports Vision 2030 by helping Saudi Arabia reduce reliance on oil and transform into a private sector-led, open economy through foreign investment in infrastructure, tourism, and green energy.
Hong Kong serves as a superconnector and super value-adder, providing a key platform connecting international and mainland Chinese enterprises with Saudi businesses and investment opportunities.
Curated from NewMediaWire
