Saudi Arabia to strengthen partnerships with Hong Kong, China

Saudi Arabia is keen to strengthen its partnernships with Hong Kong and mainland China, the Saudi communications and IT minister Abdullah Al-Swaha said on Sunday (2 July).

Speaking at the "One Gateway Shared Vision — Hong Kong x Saudi Arabia" event in Hong Kong, Abdullah Al-Swaha said closer collaboration would help boost the Kingdom’s Vision 2030 reform agenda, a strategic framework to reduce Saudi Arabia's dependence on oil and diversify its economy, and develop public service sectors such as healthcare, tourism, education, infrastructure and recreation.

"Hong Kong and Saudi Arabia are going through very promising transformations, where both economies are financial hubs in their own regions. We have an opportunity to build an innovation bridge, to leapfrog into the future with an innovation-based economy," he said.

A "pro-partnership and pro-openness" Saudi Arabia was willing to do business with "any partner that can comply with our security and regulatory requirements," he said.

Saudi authorities would look to work closely with Hong Kong across a range of sectors, including health sciences and biotechnology, environmental, cloud computing, artificial intelligence and smart cities, he said.

Al-Swaha's visit to Hong Kong the Arab-China Business Conference held in Riyadh last month, at which Saudi Investment Minister Khalid Al-Falih said the Kingdom could serve as China’s gateway to the Arab world.

source: commonspace.eu with Arab News
photo: Arab News

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
US and Ukraine sign deal giving US access to country’s valuable mineral wealth

US and Ukraine sign deal giving US access to country’s valuable mineral wealth

The United States and Ukraine have signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Ukraine said it secured key interests after protracted negotiations, including full sovereignty over its own rare earths, which are vital for new technologies and largely untapped. Trump had initially demanded rights to Ukraine's mineral wealth as compensation for US weapons sent under former president Joe Biden after Russia invaded just over three years ago.

Popular

Editor's choice
News
US and Ukraine sign deal giving US access to country’s valuable mineral wealth

US and Ukraine sign deal giving US access to country’s valuable mineral wealth

The United States and Ukraine have signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Ukraine said it secured key interests after protracted negotiations, including full sovereignty over its own rare earths, which are vital for new technologies and largely untapped. Trump had initially demanded rights to Ukraine's mineral wealth as compensation for US weapons sent under former president Joe Biden after Russia invaded just over three years ago.