Chief Executive John Lee will lead a group of business leaders to Qatar and Kuwait on Saturday to build stronger economic ties and look for collaboration opportunities in innovation and technology.
Steve Chuang, Chairman of the Federation of Hong Kong Industries and a delegation member, said the group plans to explore new business opportunities, connect with local business groups, and sign agreements with tech and innovation companies in Qatar and Kuwait.
Chuang explained that Qatar and Kuwait are working to grow their economies beyond oil. He mentioned their national plans—Qatar National Vision 2030 and Kuwait Vision 2035—which focus on innovation, smart cities, green energy, and modern financial services.
“How can we focus on smart cities, green energy, and how can we provide better financial services? All of this is actually a perfect match for our expertise in Hong Kong,” Chuang said.
He also pointed out that business between Hong Kong and these two countries has been limited.
During the trip, he plans to meet with Hong Kong companies already working in the region to see how they are doing and to learn more about local business customs, including those shaped by halal culture.
This is the Federation’s second trip to the Middle East, following a 2024 visit to Saudi Arabia and the United Arab Emirates.
Chuang mentioned that the previous trip helped Hong Kong companies progress, such as a mobile delivery app starting operations in Dubai and planning to enter Saudi Arabia and a startup making 3D-printed clay reef tiles, which received funding from Saudi Arabia’s sovereign wealth fund.
Chuang said Hong Kong could support Middle Eastern firms entering the Mainland China market and help Mainland companies reach global audiences. He added that amid rising global trade uncertainty, Hong Kong businesses should broaden engagement with the Global South, including the Middle East and ASEAN countries.
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