Riyadh Chamber, Hong Kong Trade Development Council Sign Memorandum of Cooperation

Riyadh is set to become the Arab world’s first ever digital capital city in 2020.
Riyadh is set to become the Arab world’s first ever digital capital city in 2020.

Riyadh Chamber has signed a memorandum of cooperation with the Hong Kong Trade Development Council to enhance commercial, industrial and investment relations between the two sides and encourage cooperation among businesspeople in a bid to realize mutual interest and boost commercial exchange and cooperation among companies in the Kingdom of Saudi Arabia and Hong Kong.

The memo included cooperation between the two sides in fields of exchanging information regarding commercial, investment and economic issues in a way that supports companies in the Kingdom of Saudi Arabia and Hong Kong that are interested in developing businesses in both markets, and offering suitable support to participate in various occasions and activities and for delegations or commercial, investment and economic cooperation missions.

Cooperation fields also mentioned in the memorandum included agricultural products, commercial and vocational services, fashion and accessories, finance, food items, clothes, ICT, infrastructure and real estate development, intellectual property, gemstones and jewelry, logistical services and distribution, and natural resources.

The two sides also agreed to promote Saudi products in international markets through benefiting from comprehensive solutions, including commercial exhibitions and print materials, where both sides are entitled to support manufacturers and exports in the Kingdom of Saudi Arabia to communicate with concerned service providers in Hong Kong through the council's platforms to support their commercial needs.

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