The Hong Kong Science and Technology Parks Corporation (HKSTP) is showcasing 25 pioneering companies in green technology, biotechnology, artificial intelligence, robotics, and more at Saudi Arabia’s Future Investment Initiative Institute’s 8th Edition (FII8) for the first time. This delegation is part of Hong Kong Special Administrative Region (HKSAR)’s mission led by Financial Secretary Paul Chan.
The Future Investment Initiative (FII) is an annual global conference that unites leaders, policymakers, investors, and entrepreneurs to explore investment opportunities aimed at addressing the world’s most critical challenges, all under the theme: “Impact on Humanity.” This year’s edition, titled “Infinite Horizons: Investing Today, Shaping Tomorrow,” will take place in Riyadh from 29 to 31 October 2024.
HKSTP’s delegation seeks to enhance innovation and technology (I&T) collaboration between Hong Kong and the Middle East, while supporting Hong Kong-based tech ventures in securing investment and exploring new business opportunities.
The Gulf region’s unique position, bridging Europe, Asia, and Africa, coupled with its burgeoning consumer and corporate markets and growing demand for innovation, makes the Middle East an essential strategic partner for Hong Kong.
Albert Wong, CEO of HKSTP, noted, “This represents an exciting step in strengthening ties between Hong Kong and the Middle East in I&T. By connecting Hong Kong’s dynamic tech companies with opportunities in the region, we are creating powerful synergies that support investment, encourage knowledge exchange, and foster growth in high-demand tech sectors. Together, we’re opening doors to new markets and advancing global progress in I&T.”
The Middle East’s vibrant I&T ecosystem and capital resources are generating momentum for tech ventures aiming to expand beyond Asia. At FII8, HKSTP and seven Park companies will enter into collaboration agreements with various Middle Eastern partners.
Moreover, nine Park companies have been invited by FII8’s organisers to present their innovations to global investors and business leaders on the dedicated ‘Global Startup Showcase’ stage, offering solutions aligned with the FII agenda of Impact on Humanity.
Among the exhibitors, Archireef—a global pioneer nurtured by HKSTP and creator of the world’s first 3D-printed terracotta reef tiles for ocean restoration—will compete in FII8’s Innovators Pitch Competition, going up against six promising startups worldwide.
In a bid to connect with Middle Eastern investors and business stakeholders, HKSTP will host the Hong Kong Tech Disrupt reception, attended by Financial Secretary Paul Chan. Albert Wong, HKSTP’s CEO, will introduce the HKSTP ecosystem and spotlight I&T opportunities in Hong Kong.
Esteemed speakers will offer insights on investment prospects emerging from the Middle East, while HKSTP Park companies will present their groundbreaking technological solutions.
Earlier this month, the Future Investment Institute released the white paper ‘Hong Kong’s Dual Focus on Sustainable Investment and Green Innovation’, authored by HKSTP. This paper underscores Hong Kong’s efforts to build a resilient green finance ecosystem.
As HKSTP strengthens its role as a catalyst for innovation and cross-regional partnerships, these initiatives promise to elevate Hong Kong’s standing in the global I&T ecosystem, fostering success and opening doors for emerging entrepreneurs.
