HKSAR Investment Promotion Chief on Charm Offensive in Middle East this Week
 
JCN Newswire
Apr 25, 2018
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Hong Kong & UAE -- Mr Stephen Phillips, HKSAR Director-General of Investment Promotion, is embarked 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 visit, from April 23 through 27, covers the UAE, Saudi Arabia and Kuwait, where Mr Phillips is meeting with a broad range of government and business leaders in technology, financial and professional services, banking and retail.

Mr Phillips also met with officials at Dubai's government-funded FinTech Hive, a 12-week accelerator programme designed to nurture fintech start-ups. 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 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 offers Middle East companies and entrepreneurs looking to expand in Asia a solid platform to grow their business globally."

Mr Phillips will also update Middle East business communities 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 Hong Kong-
Eva Chan
Invest Hong Kong
Tel: +852 3107 1071
EChan@investhk.gov.hk

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