Saudi Arabia-China Entrepreneurs Association signs MoU with Hong Kong Trade Development Council

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Media Outreach
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  • Agreement signed at the at Belt and Road Summit to promote trade and business between the two regions
  • Middle East delegation showcases market and growth opportunities in the Kingdom and beyond

HONG KONG SAR – Media OutReach – 16 September 2023 – Saudi Arabia-China Entrepreneurs Association has signed a Memorandum of Understanding (MoU) with Hong Kong Trade Development Council (“HKTDC”) to promote trade and business between Hong Kong and Saudi Arabia. The MoU was signed during the eighth Belt and Road Summit on 13th September 2023, which was jointly organized by the Hong Kong Special Administrative Region Government and the HKTDC. Under the theme of “Ten Years of Cooperation for Mutual Benefit,” the summit spanned two days and attracted nearly 6,000 government officials, business leaders, and entrepreneurs from almost 70 countries and regions. Over 100 delegations from overseas and Mainland China participated in various summit activities.

Jerry Li signs MoU with Patrick Lau, Deputy Executive Director, Hong Kong Trade Development Council

Since its establishment, Saudi-China Entrepreneurs Association (SCEA) has been committed to becoming a vital bridge between Hong Kong and the Middle East. In February this year, Chief Executive Mr. John Lee visited the Middle East and expressed his support towards the establishment of the SCEA in Saudi Arabia. In July, the SCEA officially announced the establishment of its first Asian office in Hong Kong and signed a MOU to cooperate with 11 Mainland China and Hong Kong companies and facilitate their entry in the Saudi market. Additionally, the SCEA assisted in facilitating the visit of His Excellency Engineer Abdullah Al-Swaha, the Saudi Minister of Communications and Information Technology, to Hong Kong in July, further enhancing cooperation between the two parties.

Operated by SCEA, eWTP Arabia Capital has established deep partnerships with the Hong Kong government, major financial institutions, industrial companies, and technological innovation platforms in Hong Kong since Chief Executive Mr. John Lee’s visit to the Middle East in February. Supported by the HKTDC, eWTP Arabia Capital has hosted more than 100 partners from various industries in Hong Kong, including real estate, finance, trade, technology innovation, and healthcare. Currently, eWTP Arabia Capital is actively facilitating the establishment of these institutions and companies’ presence in Saudi Arabia.