DUBAI, Feb 12 (NNN-WAM) – Government and business leaders of the United Arab Emirates (UAE), said that, the UAE is looking forward to welcoming more companies from China’s Hong Kong Special Administrative Region (HKSAR), to invest in the country.
They made the remarks, during a recent visit to the UAE, by a high-level Hong Kong delegation led by HKSAR Chief Executive, John Lee. The delegation, comprising more than 30 Hong Kong business heavyweights from various sectors, concluded its four-day visit to the UAE on Friday.
“Investors are keenly looking at Hong Kong’s development opportunities, after overcoming the pandemic and reopening the economy. The UAE and Hong Kong companies are confident in the further expansion and deepening of friendly cooperation between the two sides,” Lee said.
He added that, Hong Kong and UAE companies could carry out extensive cooperation in financial technology, building smart cities, green technology and environmental protection, biotechnology, energy, logistics and other fields.
The UAE is the largest trading partner for Hong Kong in the Middle East. Non-oil trade between the two sides reached 22.2 billion UAE dirhams (about 6.04 billion U.S. dollars) in the first half of 2022, up 16.2 percent from the same period in 2021, when the annual total non-oil trade hit 37.2 billion dirhams.
Speaking at the UAE-Hong Kong Business Forum held in Dubai, Lee said, he looked forward to deepening Hong Kong’s cooperation with the UAE, especially in green, sustainable financing.
The UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi told the forum that, he expected more Hong Kong enterprises to invest in the UAE, to take advantage of the Gulf country’s status as a financial, trading and logistics hub in the Middle East and North Africa.– NNN-WAM
The Dubai Chambers, which will establish an office in Hong Kong, signed a memorandum of understanding (MoU) with the Hong Kong Trade Development Council (HKTDC) to develop their trade relations.
Lauding the long-standing relations between Dubai and Hong Kong, Abdul Aziz Abdulla Al Ghurair, the chairman of Dubai Chambers, said that this MoU will strengthen the existing relationship and boost trade and investment between the two sides.
The Hong Kong delegation visited Saudi Arabia before its arrival in the UAE on Tuesday.
