Hong Kong wants more business with Saudi Arabia. Here’s why

Hong Kong wants more business with Saudi Arabia. Here’s why

Hong Kong CNN  —  For the first time, Hong Kong’s leader has welcomed Saudi Arabian elites to the city for an investment conference, in an example of how it is embracing new potential business partners as it confronts a slumping economy and geopolitical uncertainty. In opening remarks on Thursday, Hong Kong Chief Executive John Lee …

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Hong Kong CNN  — 

For the first time, Hong Kong’s leader has welcomed Saudi Arabian elites to the city for an investment conference, in an example of how it is embracing new potential business partners as it confronts a slumping economy and geopolitical uncertainty.

In opening remarks on Thursday, Hong Kong Chief Executive John Lee called the gathering “yet another significant step forward, in the deepening [of] ties between Hong Kong and the Middle East, particularly the Kingdom of Saudi Arabia.”

The two-day event was organized by the Hong Kong government, its stock exchange and the Future Investment Initiative (FII) Institute — a nonprofit founded by the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund. The institute hosts an annual event in Riyadh dubbed “Davos in the Desert.”

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