Hong Kong-Saudi Arabia Economic Cooperation Mission FAQ

What was the purpose of the Hong Kong delegation’s visit to Riyadh?

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.

Who led the Hong Kong delegation to Saudi Arabia?

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.

When did the Hong Kong delegation visit Riyadh?

The delegation visited Riyadh from October 27 to 31, 2025.

What major event did the delegation participate in during their visit?

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.

Why is Saudi Arabia an important economic partner for Hong Kong?

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.

What specific areas of collaboration were discussed during the visit?

Collaboration was discussed in innovation and technology, smart cities, AI, fintech, biotechnology, smart mobility, green energy, robotics, and digital transformation.

What concrete outcomes resulted from the business mission?

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.

Which Saudi institutions and organizations did the delegation meet with?

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.

How does this visit support Saudi Arabia’s Vision 2030?

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.

What role does Hong Kong play in connecting businesses with Saudi Arabia?

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.