Exclusive | Saudi minister calls for people-to-people exchanges with China for businesses to ‘kick the tires, do due diligence’ to enhance trade
- The property tycoon Ronnie Chan led a Hong Kong business delegation in a closed-door meeting with the Saudi investment minister in Riyadh
- The Saudi minister Khalid Al-Falih said he would like to visit mainland China and Hong Kong soon, his first visit to the region since 2019
Saudi Arabia’s Investment Minister Khalid A. Al-Falih called for more investments from mainland China and Hong Kong in a closed-door meeting in Riyadh with a business delegation led by Hang Lung Properties’ chairman Ronnie Chan Chi-chung.
The minister, meeting the group after a gala dinner on the first day of the 10th Arab-China Business Conference (ACBC) on Sunday, expressed his hope to see the development of economic and human relationships between Saudi Arabia and China. He also expressed his willingness to visit Hong Kong at his earliest convenience.
The purpose of the enhanced exchanges is to allow entrepreneurs to “kick the tires, do the dual diligence, and move forward” with sealing deals, he told a closed-door meeting of about 40 representatives, including the Post.
“We want more brands, technologies, and access to global and Chinese markets.”
The minister’s comment came at the of the first day of the 10th edition of a two-day conference attended by more than 3,500 delegates of 23 different nationalities, including the vice-chairman of the Chinese People’s Political Consultative Conference (CPPCC), Hu Chunhua.
