Latest news with #CharlesNg
Zawya
10 hours ago
- Business
- Zawya
UAE model for business environment development, says InvestHK official
DUBAI - Charles Ng, Associate Director-General of Investment Promotion at the Invest Hong Kong (InvestHK), said that economic ties between Hong Kong and the UAE are experiencing steady and promising growth driven by shared interests, strategic location, and ambitious development visions. In statements to the Emirates News Agency (WAM), Ng described the UAE as a key economic and investment partner in the region. He praised the country's advanced regulatory framework and dynamic business environment, calling them synergistic with Hong Kong's role as a global financial hub and gateway to key Asian markets such as China, India, and Southeast Asia. He said that bilateral trade between Hong Kong and the GCC reached around US$21.6 billion in 2023, with a significant share attributed to growing economic exchanges between Hong Kong and the UAE. He highlighted the UAE's role as a launchpad for companies entering GCC and African markets. He noted rising interest from UAE investors, including major corporations and family offices, in exploring growth opportunities in Hong Kong. InvestHK, through its Dubai office, offers tailored programmes and direct support to facilitate market entry and expansion. Financial services remain a leading sector of cooperation, alongside strong momentum in FinTech, advanced manufacturing, logistics, and Islamic finance, Ng stated. He pointed to increasing interest from UAE banks in establishing offices in Hong Kong, alongside a shared focus on blockchain technologies, digital assets, and stablecoins. He added that regulatory authorities on both sides are cooperating to align frameworks, enhancing the sector's overall attractiveness. Ng said the financial services sector is a key focus for UAE investment in Hong Kong, given both economies' status as global financial hubs. As trade and commercial activity between Asia and the Middle East continues to expand, he noted a corresponding rise in demand for banking, insurance, and trade finance — areas where Hong Kong offers a strategic gateway for regional and international business. He also highlighted Hong Kong's efforts to attract family offices, citing a 2023 incentive package that includes a Capital Investment Entrant Scheme, offering residency in return for a minimum investment of $3.8 million. He said Hong Kong's transparent regulatory environment and broad financial product offerings have drawn growing interest from regional investors. Ng added that Hong Kong is keen to attract UAE small and medium-sized enterprises, particularly in hospitality, halal food, jewellery, and cultural products. Support includes tax incentives and investment advisory services. InvestHK operates a dedicated investment promotion unit in Dubai, helping Emirati investors and family offices from the planning phase to business establishment. He concluded that UAE-Hong Kong collaboration could unlock new potential in innovation, entrepreneurship, and sustainable growth. Ng said Dubai is well-positioned to become a regional industrial base, citing its advanced infrastructure and digital manufacturing progress. Chinese firms, he added, increasingly view Dubai as a strategic entry point to the Middle East and African markets, which together comprise a consumer base of over 3.7 billion people.
Yahoo
15-05-2025
- Business
- Yahoo
Primech AI Showcases Revolutionary HYTRON LITE Bathroom Cleaning Robot at Facilities Management Community of Practice Event in Singapore
SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the 'Company'), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), participated in the Facilities Management Community of Practice (FM CoP) Session on Robotics co-organised by the Building and Construction Authority and JTC Corporation. The event at Temasek Polytechnic brought together industry leaders to explore innovative robotic solutions for the facilities management sector. Charles Ng, Co-Founder and Chief Operating Officer of Primech AI, delivered a presentation titled "Pioneering the Future of Robotics in Facilities Services," highlighting the Company's latest innovation, the HYTRON LITE bathroom cleaning robot. Powered by the NVIDIA Jetson Orin Nano Super and designed specifically for compact bathroom environments, HYTRON LITE represents Primech AI's commitment to addressing the unique challenges of urban facilities management. "We were honored to share our vision for the future of cleaning robotics with Singapore's facilities management community," said Ng. "The HYTRON LITE demonstrates our focus on creating purpose-built solutions that address real-world challenges in space-constrained environments. Our presentation explored not only the technical capabilities of our robots but also our market expansion strategies both in Singapore and internationally." The FM CoP Session on Robotics featured a comprehensive program addressing key aspects of robotics implementation in the built environment: Temasek Polytechnic presented real-world use cases and challenges faced when adopting robotic solutions HOPE Technik discussed enabling infrastructure for robots in buildings and highlighted technical standards Primech AI showcased the HYTRON LITE and discussed market expansion strategies A live demonstration of HYTRON LITE provided attendees with a full appreciation of its capabilities The event highlighted Singapore's position at the forefront of smart facility management innovation, with Primech AI playing a key role in advancing autonomous cleaning solutions. The Company's participation underscored the growing importance of robotic solutions in addressing labor challenges and enhancing operational efficiency in the facilities management sector. "Events like the FM CoP Session are crucial for knowledge sharing and industry advancement," added Ng. "We were delighted to demonstrate how our technological innovations can transform cleaning operations in facilities across Singapore and beyond." The demonstration of the HYTRON LITE generated significant interest among the approximately 80-100 attendees, with many facilities managers expressing interest in the robot's compact design and advanced AI capabilities. The live demonstration allowed participants to witness firsthand how the robot navigates tight spaces and performs cleaning tasks efficiently. About the Facilities Management Community of Practice (FM CoP)The Facilities Management Community of Practice (FM CoP) initiative by the Building and Construction Authority and JTC Corporation brings together professionals in the facilities management sector to share knowledge, experiences, and best practices. The FM CoP Sessions focus on specific topics relevant to advancing Singapore's facilities management sector. About Primech AIPrimech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit About Primech Holdings LimitedHeadquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit Forward-Looking StatementsCertain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Company Contact:Email: ir@ Investor Relations Contact: Matthew Abenante, IRCPresident Strategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@ Sign in to access your portfolio
Khaleej Times
28-04-2025
- Business
- Khaleej Times
Destination Hong Kong: Middle East countries diversifying their investments
Hong Kong has a strong, long-standing and ever-growing relationship with the Gulf Cooperation Council, and it will continue to strengthen economic ties, foster collaboration, and attract more businesses from the region to tap into the mainland and the broader Asia-Pacific countries, says a senior official. Charles Ng, Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK), said world's one of the top three leading financial centres is committed to deepening economic relations with the region's dynamic market — the UAE and Saudi Arabia, by increasing co-operation in finance, trade, and investment in coming years. 'We are eager to explore opportunities to enhance our presence in the region, including leveraging platforms like the Economic and Trade Office in Dubai. This office serves as a vital hub for fostering economic collaboration, and we see it as a strategic avenue to deepen our connections with the UAE and the wider Middle East,' Charles Ng told Khaleej Times during an interview in Dubai. Charles Ng, during his visit to Saudi Arabia and the UAE, participated in various high-level business roundtables, bringing together representatives from prominent businesses, family offices, and investors. He also met representatives of leading Middle Eastern companies and discuss how establishing a presence in Hong Kong can drive their global expansion strategies. 'We will continue to strengthen our regional footprint to connect global capital with opportunities in Asia and beyond. We are enthusiastic about the potential to work more closely with governments, financial institutions, and companies in the Middle East to facilitate investment flows and market access,' he said. He said Hong Kong has developed strong economic and trade relations with the UAE and Saudi Arabia and now looks at expanding in presence in other GCC countries — Qatar, Kuwait, Oman and Bahrain — in addition to Egypt in North Africa. Expanding Recognised Stock Exchange network Charles Ng said Hong Kong, an international financial centre, and one of the world's leading financial hubs, has long been celebrated for its connectivity and strategic location, bringing East and West together for finance, business, investment and more. 'Our local bourse HKEX is committed to strengthening its position as a global financial hub by enhancing connectivity with key markets, such as the addition of Tadawul as a Recognised Stock Exchange (RSE) in 2023. This step has indeed made cross-market fundraising more attractive for Saudi-listed companies seeking secondary listings in Hong Kong, and we are proud of the opportunities this creates for collaboration and capital flows.' A year later in July 2024, he said HKEX expanded the list of RSEs to 20 across 17 countries by adding the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), enabling issuers with a primary listing on those exchanges to apply for a secondary listing in Hong Kong and demonstrating HKEX's efforts to help Middle Eastern companies tap into Hong Kong's vibrant capital markets. 'We will continue to explore further opportunities to deepen our relationships with stock markets across the Middle East, including those in the UAE to foster mutually beneficial arrangements with these and other regional players,' he said. 'As part of its commitment to financial diversification, the city has developed a supportive platform for Islamic finance, including sukuk issuance and tax law amendments to ensure a level playing field with conventional bonds and the successful launch of three government sukuk. It continues to welcome more Islamic financial institutions and products to leverage Hong Kong's international financial platform and tap into opportunities across Asia and the Mainland.' New Products to Channelise Investment Charles Ng said a wide range of new products are being brought to market to channel investment flows between Hong Kong and the Middle East and highlighted some of them below: Exchange-Traded Funds (ETFs): Hong Kong has seen the listing of a Saudi-focused ETF, while Saudi Arabia has listed ETFs tracking Hong Kong stocks. These ETFs facilitate two-way capital flows and increase financial connectivity between the regions. Cross-Region Investment Products: Building on increased dialogue and connectivity, new financial products are being developed to channel investment flows between Hong Kong and the Middle East. This includes expanding the range of cross-listings and fintech collaborations. Islamic Financial Products: Hong Kong continues to develop its platform for Islamic finance, including sukuk issuance, to attract more Islamic financial institutions and products. This supports the diversification of investments in the Middle East. Joint Investment Funds: The Hong Kong Monetary Authority and Saudi Arabia's Public Investment Fund have agreed to establish a $1 billion fund to support companies expanding into the Middle East. This fund focuses on sectors like manufacturing, renewable energy, and fintech. Attracting Family Offices Charles Ng said Hong Kong recently ranked third in the Global Financial Centres Index, with overall scores catching up to that of the champion New York. 'In particular, we ranked first globally in 'Investment management', 'Insurance' and 'Finance'. In fintech, we leapt by five places to fourth in the world,' he said, and adding that Hong Kong remains one of the world's prime wealth management centres, managing approximately $4 trillion in assets. 'The number of family offices in our city has gone beyond 2,700 with half of them managing assets exceeding $50 million. Hong Kong is expected to become the world's largest cross-border wealth management hub between 2027 and 2028. This year, we seek to further enhance the tax concessions for funds and single-family offices.' Charles Ng also highlighted some of the salient features of investment strategy: Diversification and Economic Transformation: Middle Eastern countries are diversifying their economies away from oil, creating opportunities for investments in sectors like manufacturing, renewable energy, and digital infrastructure. Hong Kong's financial infrastructure and Mainland China's emerging industries will attract more investments from these funds. Amid an increasingly complex global landscape and geopolitical uncertainties, countries in the Middle East are actively diversifying their investments. Hong Kong, as a global financial centre and a 'super connector' between the Mainland, Asia, and the rest of the world, is uniquely positioned to support this shift. Under the 'one country, two systems' principle, our city offers a robust legal system, free flow of capital and information, and internationally aligned regulations. Beyond finance, Hong Kong is also a hub for trade, logistics, innovation and professional services. It serves as a gateway for Middle Eastern partners to tap into the mainland and the broader Asia-Pacific region. Financial Market Integration: The launch of ETFs tracking Saudi companies in China and potential listings of Hong Kong-focused ETFs in the Middle East will enhance financial market integration to facilitate two-way investment flows and deepen financial cooperation between the regions. Strategic Partnerships: Initiatives like the Belt and Road Initiative and collaborations between Hong Kong and Middle Eastern entities will continue to foster strategic partnerships. These partnerships will drive innovation and growth across regions, supporting the expansion of Middle Eastern investments in China and Hong Kong. Growth Opportunities: The next five years will see significant growth in investments as Middle Eastern sovereign wealth funds increasingly focus on Asia, particularly China and Hong Kong. The regions' strong economic fundamentals, coupled with the diversification strategies of Middle Eastern economies, will ensure a robust and expanding investment trend. 'Hong Kong, with its advanced financial infrastructure and robust regulatory environment, is at the forefront of this transformation. It has already made history by issuing the world's first tokenised government green bonds in 2023, followed by a groundbreaking multi-currency issuance in 2024.' Collaboration with Mideast Charles Ng said Hong Kong has a clear vision to increase collaboration with the Middle Eastern countries in general and the GCC state in particular. He highlighted below five key points to boost cooperation between the two strategic regions: Deepening Financial Ties: Hong Kong and Middle Eastern countries are set to enhance their financial collaboration, leveraging Hong Kong's strong capital market to support the GCC's economic diversification efforts. This includes facilitating fundraising for infrastructure projects and fostering two-way investment flows. Expanding Trade and Investment: InvestHK's recent visits to the Middle East aim to strengthen economic ties and attract more businesses from the region to invest in Hong Kong. This will further enhance trade and investment opportunities between Hong Kong and the GCC. Infrastructure and Innovation Projects: Collaboration in sectors like logistics, AI, big infrastructure projects and manufacturing is expected to grow. Hong Kong can assist Middle Eastern countries in these areas, creating mutually beneficial opportunities. Belt and Road Initiative: Hong Kong's participation in the Belt and Road Initiative will continue to foster greater connectivity and economic opportunities with Middle East region. This initiative supports policy coordination, infrastructure connectivity, and financial integration. Strategic Partnerships and Agreements: The establishment of new economic and trade offices, along with ongoing discussions for investment agreements, will further solidify partnerships between Hong Kong and Middle Eastern nations. These strategic moves will drive innovation and growth across regions. HONG KONG — A GATEWAY TO CHINA Charles Ng said Hong Kong's role as a gateway to China's capital markets is undeniably vital, serving as a super connector between mainland China and global economies through its unique legal and financial framework, which channels roughly two-thirds of China's direct investments. Unique Position as a Super Connector: Hong Kong serves as a bridge between mainland China and global markets, leveraging its status as a Special Administrative Region with a distinct legal and financial system. This facilitates seamless capital flows, with about two-thirds of China's inward and outward direct investments historically channeled through Hong Kong. Stock Connect Programme Driving Integration: The Shanghai-Hong Kong Stock Connect (launched 2014) and Shenzhen-Hong Kong Stock Connect (launched 2016) have revolutionised cross-border equity flows. As of April 2025, there are over 2,300 companies listed on the Main Board. In March 2025 that southbound flows — Chinese capital moving outward through Hong Kong — represent the biggest opportunity for the city's markets. Between 20 per cent and 30 per cent of Hong Kong's stock market turnover comes from mainland China via Stock Connect. Wealth Management Connect Boosting Participation: Launched in 2021, the Cross-boundary Wealth Management Connect in the Greater Bay Area saw Chinese investor accounts surge. As of the end of November 2024, the number of individual investors participating in the cross-boundary WMC in the GBA has risen from 73,400 in February to 126,300, marking a growth of over 72 per cent, according to data released by the People's Bank of China. It is worth noting that Hong Kong remains Asia's largest hub for cross-border wealth management and is poised to overtake Switzerland as the world's leading centre by 2027. Bond Connect Enhancing Fixed-Income Access: The Bond Connect programme has enabled mainland institutional investors to tap offshore bonds via Hong Kong. This has boosted liquidity in Hong Kong and US dollar-denominated bond markets, reinforcing the city's fixed-income connectivity. Robust Offshore RMB Hub: Hong Kong handles approximately 80 per cent of global offshore RMB payments (January 2025). Its RMB liquidity pool, though fluctuating, remains a cornerstone for China's currency internationalisation, facilitating capital flows in and out of the mainland. 'Ultimately, we complement Mainland China's vast market opportunities. Hong Kong's identity as a major international financial centre, bridging the East and the West, remains a huge draw — particularly for families seeking both cross-border investment potential and access to global networks in a cosmopolitan city that is a beacon of arts and culture and has so much to offer,' Charles Ng said. ALL ABOUT HONG KONG > World's 7th largest and Asia's 4th largest stock market by market capitalisation among exchanges at end-January 2025 ($4.5 trillion). > The Hong Kong stock market recorded an average daily turnover of about $16.89 billion in 2024. > Vibrant IPO activities, raising $11.3 billion in 2024, fourth in the world and second in Asia. Continues to be one of the world's major listing platforms. > Home to over 2,700 single-family offices (end-2023). > Asia No.1 hedge fund base (end-February 2025). > One of the most open insurance markets in the world, with over 150 authorised insurers and six of the world's top 10 insurers operating in Hong Kong. > About 70 of the world's 100 top banks operate in Hong Kong (as of end-February 2025).
Yahoo
22-04-2025
- Business
- Yahoo
Primech AI Showcases HYTRON Cleaning Technology at Global Innovation Summit 2025 in Germany
SINGAPORE, April 22, 2025 (GLOBE NEWSWIRE) -- Primech AI Pte. Ltd. ("Primech AI" or the 'Company'), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), recently participated in the prestigious Global Innovation Summit (GIS) 2025 held at HANNOVER MESSE in Hannover, Germany on April 1-2, 2025. The Company was invited by Enterprise Singapore to join a select group of innovative Singaporean companies representing the nation's technological capabilities on the global stage. Picture 1: Charles Ng, Chief Operating Officer of Primech Ai presenting at the Global Innovation Summit The Global Innovation Summit, one of the world's premier platforms for industrial technology innovation, provided Primech AI with the opportunity to showcase its groundbreaking HYTRON, AI-powered autonomous bathroom cleaning robots to an international audience of industry leaders, potential partners, and investors. "Our participation at the Global Innovation Summit represents a significant milestone in our international expansion strategy," said Mr. Charles Ng, Chief Operating Officer of Primech AI. "Being invited by Enterprise Singapore to represent Singapore's innovation ecosystem at such a prestigious global event validates our technological achievements and opens doors to potential collaborations across European markets." During the two-day summit, the Primech AI team presented its innovation pitch focused on the HYTRON, AI-powered autonomous bathroom cleaning robot technology, highlighting its advanced AI capabilities, 3D-cleaning functionality, and the use of electrolyzed water for enhanced sanitation. The presentation demonstrated how Primech AI's solutions address critical challenges in the facility services industry, including labor shortages, increasing hygiene standards, and sustainability requirements. A key enabler behind HYTRON's performance is the NVIDIA Jetson Orin Nano Super, a cutting-edge System-on-Module (SoM) designed for robust edge AI and robotics applications. By integrating NVIDIA's advanced hardware and software technologies—including CUDA, TensorRT, cuDNN, and the NVIDIA Driver—Primech AI has significantly boosted HYTRON's real-time data processing capabilities, enabling greater autonomy, precision, and responsiveness in demanding cleaning environments. The Company engaged with numerous potential partners and customers from various sectors, including commercial property management, healthcare, hospitality, and public transportation, exploring opportunities to implement its autonomous cleaning solutions across European markets. The Global Innovation Summit served as a platform for Primech AI to connect with international technology partners, distributors, and end-users interested in next-generation cleaning solutions. These engagements have already resulted in several promising partnership discussions that could accelerate the Company's European market entry strategy. "The response to our technology at HANNOVER MESSE exceeded our expectations," said Mr. Kin Wai Ho, Chief Executive Officer of Primech Holdings. "We identified significant interest from European facility management companies seeking to integrate autonomous cleaning solutions into their operations. The connections made at this event will be instrumental in our international growth plans." About the Global Innovation Summit 2025The Global Innovation Summit is Eureka's flagship event organised as part of HANNOVER MESSE, the world's leading trade fair for industrial technology. The summit brings innovators, industry leaders, policymakers, and investors together to explore emerging technologies and foster international collaborations. The 2025 edition focused on sustainable industrial solutions, AI applications, and automation technologies transforming traditional industries. About Primech AIPrimech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit About Primech Holdings LimitedHeadquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit Forward-Looking StatementsCertain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Company Contact:Email: ir@ Investor Relations Contact: Matthew Abenante, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@ in to access your portfolio
Bahrain News Gazette
15-04-2025
- Business
- Bahrain News Gazette
InvestHK concludes fruitful Middle East visit to deepen international exchanges and co-operation
HONG KONG SAR – Media OutReach Newswire – 15 April 2025 – Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. During the visit, Mr Ng met with business leaders, family office representatives and industry stakeholders across Saudi Arabia and the United Arab Emirates, including representatives from Investopia. He also attended a series of high-level business roundtables entitled Hong Kong Growth Dialogues: Building Asia's Future Super-Corridor, co-organised with Asia House. He also met with local media and elaborated on Hong Kong's business advantages. Mr Ng said, 'Hong Kong, as a global financial centre, an innovation and technology base, and a 'super connector' between Mainland China and international markets, offers abundant business opportunities from recent key developments, including the Northern Metropolis, the Airport City Skytopia and West Kowloon Cultural District, etc. We welcome businesses from the Middle East to capitalise on the opportunities our city offers.' Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. He added, 'Hong Kong's strategic position in Asia, coupled with the Middle East's long-term strategies, such as Saudi Vision 2030 and UAE Centennial 2071, fosters collaboration and shared economic growth. By leveraging Hong Kong's business advantages, we can strengthen co-operation in various areas, including finance, technology, trade, sustainability and tourism amid a fast-changing global economic landscape.' Hong Kong and the Middle East are deepening financial and economic ties, creating powerful synergies for cross-border investment and shared growth. Recent developments, including cross-listed ETFs (exchange-traded funds) and the recognition of key Middle Eastern stock exchanges as Recognised Stock Exchanges, underscore the growing integration of capital markets between two regions. During the visit, Mr Ng also promoted Hong Kong's Islamic finance capabilities, citing its successful issuance of three government sukuk and a level playing field for Shariah-compliant products through tax neutrality measures. Participants at the events expressed keen interest in Hong Kong's business environment and connectivity. Vice President of the Logistics Division at Yusuf bin Ahmed Kanoo Group Mrs Saffia Abdulla Kanoo said, 'I gained valuable insights into Hong Kong and its key sectors through the roundtable discussions. I was particularly impressed by the city's robust financial infrastructure, strong rule of law, and its role as a hub for innovation and capital flows. The session was highly informative and engaging, inspiring me to further explore the opportunities available in Hong Kong.'
