Saudi Firms Should Set Up Shop in HK, Its Chief Urges on Visit to Kingdom

Saudi Firms Should Set Up Shop in HK, Its Chief Urges on Visit to Kingdom

Xu Wei

Date: Tue, 12/05/2017 - 17:58 / source:Yicai
Saudi Firms Should Set Up Shop in HK, Its Chief Urges on Visit to Kingdom
Saudi Firms Should Set Up Shop in HK, Its Chief Urges on Visit to Kingdom

(Yicai Global) Dec. 5 -- Hong Kong Special Administrative Region Chief Executive Carrie Lam met Saudi Arabia’s Crown Prince Mohammad bin Salman in the evening before ending her visit to the country yesterday.

Hong Kong’s services will help promote Saudi Arabia’s Vision 2030 and encourage more Saudi firms to develop in Hong Kong and jointly expand their business opportunities with its other partners, she said.

Lam was glad to learn at the meeting that the Middle-Eastern kingdom hopes to up its cooperation in different fields with the ex-British colony, Hong Kong News Agency reported.

The special administrative region is an international financial and business hub with 8,200 offices of companies from mainland China and overseas, of which 45 percent are regional headquarters or offices, she said.

Hong Kong also signed a free trade agreement with the Association of Southeast Asian Nations (ASEAN) last month. Coupled with the Closer Economic Partnership Arrangement (CEPA) it signed with the mainland, as well as a consummated financial system and high-quality professional services, Hong Kong is thus positioned as the best springboard for overseas enterprises to enter the mainland and wider Asian market.

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Keywords: Hong Kong, Carrie Lam, Saudi Arabia