Minister of Industry Begins Official Visit to Hong Kong

Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef has commenced an official visit to the Hong Kong Special Administrative Region of China to discuss increased industrial cooperation, investment in the Kingdom, and mutual opportunities in automation, innovation, and technology solutions. The visit will include meetings with officials from the Department of Trade and Industry, the Office of Innovation, Technology, and Industry, the Department of Trade and Economic Development, and the Global Research Collaboration Center InnoHK. Alkhorayef will also visit Hutchison Ports, meet with the Federation of Hong Kong Industries, and hold discussions with officials from Cyberport, a company renowned for advanced technology solutions, as well as the Johnson Electric Group and other commercial and industrial companies. Hong Kong, as a special administrative region of China, maintains economic relations with the Kingdom. In 2023, the total volume of Saudi non-oil exports to Hong Kong amounted t o SAR1 billion, while the total volume of the Kingdom's imports from Hong Kong during the same year reached SAR6.6 billion. The Kingdom's most prominent exports to Hong Kong include ordinary metals and their products, optical tools and devices, medical devices, and electrical equipment, while the Kingdom's most significant imports from Hong Kong consist of clothing, natural pearls, ordinary metals, and leather products. Alkhorayef is leading a delegation from the industry and mineral resources sector, which includes Assistant Minister of Industry and Mineral Resources for Planning and Development Dr. Abdullah Al-Ahmari, National Center for Industrial Development CEO Eng. Saleh Al-Solami, and Saudi Authority for Industrial Cities and Technology Zones (Modon) CEO Eng. Majed Al-Arqoubi. The visit is part of an economic tour of East Asia, covering China and Singapore as well. Source: Saudi Press Agency