Riyadh - Sharikat Mubasher: A delegation of 30 business leaders from China and Hong Kong is set to visit Saudi Arabia to explore investment opportunities across various sectors, King Leung, Global Head of Financial Services and Fintech at Invest Hong Kong, stated.

This visit aims to strengthen bilateral economic ties and explore ways to do business in the Kingdom, Kong said in an interview with Arab News.

“This is not just about attracting inbound investment, but also helping mainland Chinese companies use Hong Kong as a base to springboard to key markets like Saudi Arabia,” the official elaborated.

The delegation will encompass private sector leaders and venture capitalists who set sights on exploring avenues for collaboration, in line with Vision 2030’s objectives.

Kong affirmed that megaprojects such as Neom and King Salman Park magnet investments and catalyze growth in subsidiary sectors, such as financial services, consumer products, and payments.

He further clarified that green energy and advanced manufacturing sectors draw the attention of Hong Kong and China's investors as the Kingdom is paving the way for clean energy.

Regarding the Saudi fintech ecosystem, Kong noted that it represents a fertile ground for collaboration between Hong Kong and Saudi Arabia.

“In our delegation, we have roughly, I’ll say between 10 to a dozen or so fintech companies that are very keen to see if they can bring the business and set up in Saudi Arabia so that they’re able to service the banks here,” Kong said.

On the other hand, Saudi banks aim to establish a presence in Hong Kong to bolster their trade and financial services, capitalizing on Hong Kong’s strategic position as a gateway to the Chinese market.