Hong Kong’s InvestHK lures 2 new infrastructure firms to city, 6 others expand presence in 2023
- InvestHK head of business and professional services Herman Tse Yu-man says more foreign investments are expected in the coming year
- Agency expects the eight firms’ moves to bring 250 full-time jobs, such as for engineers, to the Hong Kong market over the next two years
The agency in charge of attracting foreign investment expects more infrastructure companies to come to Hong Kong to explore new projects this year, after it lured eight such firms, both Chinese state-owned and from overseas, to set up or expand their business in the city in 2023.
InvestHK head of business and professional services Herman Tse Yu-man gave an upbeat assessment on Tuesday, saying even more foreign investments were expected in the coming year, as Western companies were looking at new projects overseas due to the economic downturn at home.
“The news we have received indicates that in many foreign countries, large infrastructure projects have had to be called off,” he said.
“Hong Kong is one of the few remaining cities in the world right now that still has the resources to build large-scale infrastructure.”
