In a significant move to enhance global investment flows, Hong Kong and Abu Dhabi have signed a Memorandum of Understanding (MOU) aimed at fostering stronger economic ties.
The agreement, announced by Invest Hong Kong on Tuesday, marks a new milestone in cooperation between Hong Kong Special Administrative Region and the Abu Dhabi Chamber of Commerce and Industry of the United Arab Emirates (UAE). The MOU focuses on promoting mutual investment exchanges and providing support to businesses looking to expand in both regions.
Alpha Lau, Invest Hong Kong's director-general of investment promotion, highlighted the importance of this partnership. \"This MOU underscores Hong Kong's role as a reliable business hub that connects the Chinese mainland with global markets,\" Lau stated. He emphasized that Abu Dhabi's position as a leading Gulf economy and a major source of foreign direct investment makes this collaboration particularly beneficial.
The initiative leverages Hong Kong's reputation as a global \"super-connector,\" enabling businesses from Abu Dhabi and the UAE to tap into the burgeoning opportunities across Asia and beyond. The MOU also aims to share best practices in attracting foreign investment, encouraging local companies to establish or expand their operations in each other's jurisdictions.
By facilitating inward investment and promoting a collaborative business environment, this partnership is set to create new avenues for growth and innovation, benefiting both Hong Kong and Abu Dhabi in the ever-evolving global economy.
Reference(s):
cgtn.com
