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
Israel recognises Somaliland, opening a pandora's box in Africa

Israel recognises Somaliland, opening a pandora's box in Africa

Israel ‍has recognized Somaliland as an "independent and sovereign state," Israeli Prime Minister Benjamin Netanyahu said on Friday. "Together with Foreign Minister Sa'ar and the President of the Republic of Somaliland, we signed a joint and mutual declaration," Netanyahu posted to X. "This declaration is in the spirit of the Abraham Accords signed at the initiative of President Trump," he said. In doing so, Israel became the first country to recognize the breakaway region. Somalia's Foreign Ministry denounced Israel's "deliberate attack" on its sovereignty and warned that recognizing Somaliland as an independent state would "undermine regional peace." "Illegitimate actions of this nature seriously undermine regional peace and stability, exacerbate political and security tensions," the ministry said in a statement. Egyptian Foreign Minister Badr Abdelatty said he held phone calls with his counterparts from Somalia, Turkey and Djibouti to discuss what they described as dangerous developments in the Horn of Africa, following Israel's announcement The ministers condemned Israel’s recognition of Somaliland, reaffirmed their full support for Somalia’s unity and territorial integrity, and warned that recognizing breakaway regions poses a threat to international peace and security, Egypt's Foreign Ministry said. "This initiative by Israel, which aligns with its expansionist policy and its efforts to do everything to prevent the recognition of a Palestinian state, constitutes overt interference in Somalia's domestic affairs," the Turkish Foreign Ministry said in a statement.  The African Union (AU) joined the condemnations of Israel's recognition of Somaliland.  "Any attempt to undermine the unity, sovereignty, and territorial integrity of Somalia... risks setting a dangerous precedent with far-reaching implications for peace and stability across the continent," an AU statement read. Israel said that it has now established diplomatic relations with Somaliland, and the two will soon set up embassies. commonspace.eu political editor said in a comment that by recognising Somaliland Israel has opened Africa's pandora's box. "The borders of most African countries were drawn in colonial times, and in the post-colonial period of the last seventy years, these borders have been considered sacrosanct. The two exceptions are also to be found in the Horn of Africa, where Eritrea broke away from Ethiopia and South Sudan broke away from Sudan." (click the image to read the full article).

Popular

Editor's choice
News
Israel recognises Somaliland, opening a pandora's box in Africa

Israel recognises Somaliland, opening a pandora's box in Africa

Israel ‍has recognized Somaliland as an "independent and sovereign state," Israeli Prime Minister Benjamin Netanyahu said on Friday. "Together with Foreign Minister Sa'ar and the President of the Republic of Somaliland, we signed a joint and mutual declaration," Netanyahu posted to X. "This declaration is in the spirit of the Abraham Accords signed at the initiative of President Trump," he said. In doing so, Israel became the first country to recognize the breakaway region. Somalia's Foreign Ministry denounced Israel's "deliberate attack" on its sovereignty and warned that recognizing Somaliland as an independent state would "undermine regional peace." "Illegitimate actions of this nature seriously undermine regional peace and stability, exacerbate political and security tensions," the ministry said in a statement. Egyptian Foreign Minister Badr Abdelatty said he held phone calls with his counterparts from Somalia, Turkey and Djibouti to discuss what they described as dangerous developments in the Horn of Africa, following Israel's announcement The ministers condemned Israel’s recognition of Somaliland, reaffirmed their full support for Somalia’s unity and territorial integrity, and warned that recognizing breakaway regions poses a threat to international peace and security, Egypt's Foreign Ministry said. "This initiative by Israel, which aligns with its expansionist policy and its efforts to do everything to prevent the recognition of a Palestinian state, constitutes overt interference in Somalia's domestic affairs," the Turkish Foreign Ministry said in a statement.  The African Union (AU) joined the condemnations of Israel's recognition of Somaliland.  "Any attempt to undermine the unity, sovereignty, and territorial integrity of Somalia... risks setting a dangerous precedent with far-reaching implications for peace and stability across the continent," an AU statement read. Israel said that it has now established diplomatic relations with Somaliland, and the two will soon set up embassies. commonspace.eu political editor said in a comment that by recognising Somaliland Israel has opened Africa's pandora's box. "The borders of most African countries were drawn in colonial times, and in the post-colonial period of the last seventy years, these borders have been considered sacrosanct. The two exceptions are also to be found in the Horn of Africa, where Eritrea broke away from Ethiopia and South Sudan broke away from Sudan." (click the image to read the full article).