Strengthening Ties in Innovation and Investment with the Middle East
HONG KONG SAR – Media OutReach Newswire – 6 November 2024 – At the Future Investment Initiative Institute 8th Edition (FII8), held from 29th October to 31st October in Riyadh, Saudi Arabia, the Hong Kong Science and Technology Parks Corporation (HKSTP) made significant strides in bridging Hong Kong and the Middle East’s innovation and technology (I&T) ecosystems and capital investment.
Key highlights of the seven partnerships signed between HKSTP’s and Middle Eastern enterprises or organisations:
- In logistics and connectivity, Westwell is partnering with Ports Services & Storages, to integrate smart technology in logistics, container yard and supply chain activities in the Middle East and North Africa. Furthermore, Kian Alraqmiah Company’s introduction of Altai’s industrial-grade Wi-Fi solutions into Saudi Arabian container terminals and industrial zones will bring cutting-edge automation and connectivity to streamline regional trade.
- In AI and robotics, FJ Dynamics, a leading robotics and automation solutions provider for industries like agriculture, construction, and landscaping, is partnering with Saudi-based Sintechs to enhance robotics technology and marketing perspectives across critical industries, aligning with the Gulf region’s tech-forward vision. Manifold Tech’s AI-powered spatial intelligence solution will empower Geo Tech to collect, manage, and analyse large amount of real-time geospatial data more efficiently, raising industry standards. Nasla Tourism will deploy XKool’s AI-powered construction management solution in its latest sport-themed park.
- In sustainability and green tech, the MoU between Volar Air Mobility and Aeronautica Aviation exchange knowledge and optimise both of their expertise to advance electrical aircraft operation in the Middle East.
- In wellness and health tech, innovative health wearable devices company Ninenovo will leverage Techmart Corporate’s distribution network to expand in the UAE, Oman, Bahrain, Qatar and Kuwait, enriching consumer options for the Middle East fast-growing wellness-focused market.
Park company Archireef, a global pioneer of 3D-printed terracotta reef tiles for ocean restoration, was also voted “Audience Choice Award” at the FII8 Innovators Pitch Competition, competing against five up-and-coming startups from around the world.
Hashtag: #hkstp #FII8
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