A highlight of the expo was yesterday's (6 November) networking luncheon organised by the HKTDC and Hong Kong Special Administrative Region (HKSAR) Government and supported by the Ministry of Economy, United Arab Emirates. The luncheon was attended by The Hon John Tsang, Financial Secretary of the HKSAR and His Excellency Abdullah Ahmed Al Saleh, Undersecretary of the Ministry Sultan Al Mansouri, and more than 300 business leaders.

Belt and Road opportunities

Speaking at the networking luncheon, Mr Tsang said the grand and visionary Belt and Road Initiative will become "a driving force of our global economy in this 21st century. Dubai is the business hub of the Gulf Region and the gateway to the fast-rising, resource-rich Middle East." He added that Hong Kong is the ideal gateway to the Chinese mainland and Southeast Asia. "Both the UAE and Hong Kong have what it takes to be a key business and logistics hub for the Belt and Road region. There is huge and clear synergy in expanding business collaboration between Hong Kong and the UAE, to achieve more under the Belt and Road Initiative."

In her remarks, Margaret Fong, Executive Director, HKTDC, highlighted the importance of the Belt and Road Initiative and the immense opportunities presented for Hong Kong and Dubai. "Hong Kong and the HKTDC's engagement with the Middle East are set to deepen further as a new 21st Century model for globalisation emerges - a model that takes its cue from the ancient Silk Road and is driven by the new Belt and Road Initiative."

The China-led Belt and Road Initiative, covers more than 60 countries spanning Asia, the Middle East, Africa and Europe. It represents a huge market of about 4.4 billion potential consumers and accounts for over 35 per cent of global merchandise trade.

Ms Fong added that turning this grand vision into real business deals and economic growth will require a high degree of collaboration. "Hong Kong stands as a pivotal node along the Belt and Road - a city that serves as an entry point to the Chinese mainland and a business and financial centre in Asia, while the UAE is regarded as one of the best positioned countries for implementing the Belt and Road Initiative with its prime location and sophisticated economy."

High-level delegation to explore opportunities in Dubai

Concurrently, Mr Tsang is leading a high-level delegation to visit Dubai (6-7 November). Business leaders from finance, information and communications technology, infrastructure development and real estate services and logistics sectors form the 30-plus delegation.

Among them are Chairman of Financial Services Development Council Laura Cha, President of Hong Kong University of Science and Technology Professor Tony Chan, Chairman & Chief Executive Officer of China Mobile International Limited Dr Li Feng, Executive Director of Gammon Construction Limited Kevin O'Brien, Chairman of Crown Worldwide Holdings Limited James Thompson, the Deputy Chairman of Federation of Hong Kong Industries Jimmy Kwok and the Vice Chairman of the Hong Kong Exporters' Association Benson Pau.