HKSAR Investment Promotion Chief on Charm Offensive in Middle East this Week

Written by ACN Newswire

UAE, Saudi Arabia & Kuwait, Apr 25, 2018 - (ACN Newswire) - Mr Stephen Phillips, HKSAR Director-General of Investment Promotion, is on a five-day tour of the Middle East, aimed at engaging the region's business communities, and advising of the latest business advantages Hong Kong has to offer.

The Apr 23-27 schedule covers the UAE, Saudi Arabia and Kuwait where Mr Phillips is scheduled to meet with a broad range of government and business leaders in technology, financial and professional services, banking and retail.

Mr Phillips will also meet with officials of Dubai's government-funded FinTech Hive, a 12-week accelerator programme designed to nurture fintech start-ups in the region. In Kuwait, Mr Phillips will attend a business event co-organised by InvestHK and the Kuwait Chamber of Commerce and Industry.

Mr Phillips said, "Hong Kong and the Middle East region have a strong and growing bilateral relationship based on common economic interests. We are exploring opportunities to collaborate across various sectors of mutual interest including new and traditional energy, infrastructure, manufacturing, technology and finance.

"With the accelerated growth of both our economies and our common vision for partnership, we see tremendous opportunity in working together to support our development plans and to contribute to the broader global economy.

"Hong Kong is not only a major financial and business hub in Asia with close proximity to the huge Mainland market - new opportunities abound in areas such as innovation and technology, creative industries, smart city, financial technology as well as biological technology.

"Hong Kong will offer Middle East companies and entrepreneurs looking to expand in Asia a solid platform to grow their business globally."

During his visit, Mr Phillips will also update the Middle East business community on Hong Kong's latest tax incentives such as the new two-tier profits tax regime and various concessionary tax rates in corporate treasury centre and aircraft leasing.

Media Middle East-Anna McGovernTel: +971 55 523 3893[email protected] ^[1]

Topic: Press release summarySectors: Daily Finance, Travel & Tourism, Local ^[2]^[3]^[4] http://www.acnnewswire.com From the Asia Corporate News Network