Financial Secretary Paul Chan concluded the final day of his visit to Saudi Arabia. In the morning, Mr Chan met Governor of the Public Investment Fund (PIF) Yasir Al-Rumayyan to exchange views on deepening ties in investment and innovation and technology development. Mr Chan noted that over the past few years, Hong Kong and the PIF have built a solid foundation for co-operation across various sectors. He expressed hope that future collaboration can be further strengthened to contribute to the Belt Road Initiative and support the development goals of Saudi Arabia’s Vision 2030. Mr Chan also led the Hong Kong delegation on a visit to New Murabba, a flagship urban development project in Riyadh. During the visit, Mr Chan met New Murabba Development Company Chief Executive Officer Michael Dyke, and attended a business exchange session. Remarking that Hong Kong possesses internationally recognised strengths in urban planning, architectural design, engineering consultancy, construction technology innovation, as well as project management and financing, Mr Chan noted the keen interest of Hong Kong professionals in participating in large-scale urban development projects abroad. He invited New Murabba Development Company to conduct a roadshow in Hong Kong to identify partners and explore financing opportunities. The finance chief also attended two networking events, including a high-level luncheon hosted by local bank SAB, and the Hong Kong – Saudi Business Dinner co-organised by the Hong Kong Economic Trade Office in Dubai and Invest Hong Kong, where he delivered keynote speeches. Mr Chan emphasised that with the unique advantages of “one country, two systems”, Hong Kong serves as a two-way platform connecting the Chinese Mainland with the rest of the world. He added that Hong Kong’s strengths in finance, commerce, logistics, and innovation and technology, together with its integration with the Greater Bay Area, offer significant potential for broader collaboration with Saudi Arabia. He welcomed members of the Saudi business community to come and explore co-operation opportunities and expand their business. The visit to Saudi Arabia yielded fruitful outcomes, including the signing of five agreements or memoranda of understanding between members of the Hong Kong delegation and local partners. Mr Chan witnessed several of the signing ceremonies.
Friday 31 October 2025
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