Saudi industry minister begins visit to Hong Kong

HONG KONG: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef began his official visit to Hong Kong on Saturday, the Saudi Press Agency has reported.

Alkhorayef will hold meetings with officials from Hong Kong’s Department of Trade and Industry, the Office of Innovation, Technology, and Industry, the Department of Trade and Economic Development, and the Global Research Collaboration Center InnoHK, and will discuss increased industrial cooperation with Hong Kong, investment in the Kingdom, and mutual opportunities in automation, innovation, and technology solutions, according to the SPA.

Alkhorayef will also meet with representatives from commercial and industrial companies.

Hong Kong, as a special administrative region of China, maintains economic relations with the Kingdom separate to Beijing.

In 2023, the volume of Saudi non-oil exports to Hong Kong amounted to SR1 billion ($266.3 million), while the value of its imports from Hong Kong reached SR6.6 billion.

Alkhorayef’s visit is part of a wider tour of East Asia, which also includes visits to China and Singapore.