China's Hong Kong to strengthen business ties with Saudi Arabia

China's Hong Kong Special Administrative Region and Saudi Arabia are expected to see broader cooperation opportunities in investment, new energy, technology and infrastructure, as they move to better align the city's strengths as an international financial and business hub with Saudi Arabia's Vision 2030.

The remarks came during a recent business event organized by the Saudi-Hong Kong Business Council in Hong Kong, as representatives from Saudi Arabia and Hong Kong's business community explored opportunities to expand cooperation in investment, finance, energy, technology and professional services.

Adrian Cheng, chairman of the council, said Hong Kong can further leverage its role as a "super connector" and "super value-adder", given its strengths in international finance and trade.

Cheng said the council will focus on areas including financial innovation, new energy, artificial intelligence, infrastructure, family offices, cultural tourism and professional services.

It will also provide companies with policy information, business matching, project promotion, and investment and financing support, he said.

The council aims to help companies tap opportunities arising from Saudi Arabia's Vision 2030 and the development of the wider Middle East market, Cheng added.

Saleh Khabti, president of ACWA China, said cooperation could focus more on targeted matchmaking and concrete implementation.

Khabti was named honorary chairman of the council during the event.

"The focus this year is action, not celebration," he said, adding that tangible investment outcomes could be a key measure of success.