MIDDLE EAST VISIT FRUITFUL: CE

Chief Executive John Lee said his visit to the Middle East was fruitful.

At a media session in the United Arab Emirates today, he described the trip as a visit of strengthening friendship with the Middle East, further promoting the strengths and advantages of Hong Kong and enhancing the potential for other countries, industries or companies from the Middle East to come to Hong Kong.

He said: “First of all, the Hong Kong Special Administrative Region Government and the Saudi Arabian Government have agreed to start negotiations on the Investment Promotion & Protection Agreements.

“We have also agreed with the United Arab Emirates Government to start discussing issues that we want to cover in respect to green and sustainable financial co-operation.

“As to the people-to-people, and business-to-business side, we have signed altogether 13 Memorandums of Understanding or Letters of Intent in regard to co-operation. They cover a wide range of areas including innovation & technology, business, professional services, logistics, etc.

“These are only the immediate results. What is also important is the further relationship and the co-operation potential that will develop as a result of this visit.”

He added he has informed people there that Hong Kong is fully opened up and ready to get into a lot of businesses in different areas.

“Hong Kong is a place for people to seriously consider, not just in investments, but also in all sorts of other possibilities with regard to trade, commerce, professional services, etc.”

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