The Hong Kong Finance Minister heads a trade delegation to invest in Saudi Arabia
The Minister of Finance intends Hong Kong, Paul Chan, will pay a visit to Riyadh at the head of a trade delegation this October, as part of efforts aimed at enhancing investment and bilateral trade, and exchanging opportunities provided by the growing financial and economic sectors in Saudi Arabia.
Chan said, today, Monday, on the sidelines of a forum "Sharia compliant markets" Organized by the General Chamber of Commerce and the Hong Kong Federation of Industries: "Later this month, I will lead a delegation to Saudi Arabia, with a large team from Hong Kong and mainland Chinese companies in sectors such as artificial intelligence, biotechnology, fintech, green energy and others."
Chan noted that the economy compatible with the provisions of Islamic Sharia is expanding "An impressive pace"Where he contributed a percentage "Amazing" Global growth reached 15% last year, while household consumption in Islamic economies, or countries affiliated with the Organization of Islamic Cooperation, exceeded $5 trillion.
He said that Hong Kong is well positioned to capitalize on this momentum, as it serves as a two-way platform for Saudi companies to enter China.
Hong Kong is preparing to host "LeapEast Conference"It is an extension of the conference"lib" Saudi Innovation and Artificial Intelligence, in July 2026, to further enhance cooperation, which will represent the first time that the most prominent artificial intelligence event in the Middle East will be held outside the Middle East region.
Chan indicated that exports from the Chinese mainland to OIC countries have increased by more than 80% over the past decade, reaching nearly 600 billion , while imports from these countries rose by 60% to $450 billion.
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