Lujiazui Financial City Authority opens 1st Middle East office in Saudi

Lujiazui Financial City Authority opens 1st Middle East office in Saudi

Shanghai Lujiazui Financial City Authority (SLFCA), has established its first office in the Middle East in Saudi Arabia’s King Abdullah Financial District (KAFD).

This marks the opening of its second global office following the launch of the London office in 2016. The announcement was made at an event organized by eWTP Arabia Capital (eWTPA), an investment platform in KSA and China, held at eWTPA’s Riyadh office.

Lujiazui Finance & Trade Zone is the only national-level development zone in China that specifies finance and trade industries. Lujiazui is situated in Pudong New Area, home to the China Pilot Free Trade Zone and the premier destination in Shanghai for investors, talents, and innovators.

At the event, eWTPA signed a strategic agreement with SLFCA on developing an investment cooperation platform. The two sides aim to synergize all-round connectivity from finance, trade, innovation and technology, among others, and promote more robust exchanges in business, capital and talents linking China and Saudi Arabia.

An MoU was also signed by eWTPA, SLFCA and the King Abdullah Financial District Management & Development Company (KAFD DMC) to strengthen collaborations between the two countries’ major financial hubs, Riyadh and Shanghai.

Gautam Sashittal

CEO – KAFD DMC, “Partnerships like eWTPA, along with financial hubs like KAFD