Shanghai Lujiazui Financial City Authority opens new office in Saudi Arabia’s KAFD

Shanghai Lujiazui Financial City Authority opens new office in Saudi Arabia’s KAFD

KAFD and eWTPA signed an MoU with SLFCA for further cooperation between Riyadh and Shanghai

SLFCA’s office to serve as Shanghai’s primary point of contact in Riyadh

eWTPA signed a strategic agreement with SLFCA on developing an investment cooperation platform.

Riyadh, Saudi Arabia – In a momentous event that marks a significant milestone in Sino-Arab relations, Shanghai Lujiazui Financial City Authority (SLFCA) visited the King Abdullah Financial District (KAFD) in Riyadh, announcing the establishment of its first office in the Middle East. This marks the opening of its second global office following the launch of the London office in 2016.

The event organized by eWTP Arabia Capital (eWTPA), an investment platform in KSA and China, was held at eWTPA's Riyadh office.

Lujiazui Finance & Trade Zone is the only national-level development zone in China that specifies in finance and trade industries. Lujiazui is situated in Pudong New Area, home to the China (Shanghai) 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 an all-round connectivity from finance, trade, innovation and technology, among others, and promote more robust exchanges