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Exclusive | Saudi Arabia to deepen ties with Hong Kong, using city as the bridge to mainland China’s ‘world class’ digital prowess, minister says
- Areas of collaboration include fintech, tech entrepreneurship and strategies to attract the funding of venture capitalists (VC)
- Health sciences and biotechnology, the environment, cloud computing, artificial intelligence and smart cities are other areas for partnerships
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Saudi Arabia plans to deepen its collaboration with Hong Kong, using the city as the bridge to mainland China to spur its transformation under the Vision 2030 economic plan, said the minister in charge of the kingdom’s digital infrastructure.
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Key areas of collaboration with Hong Kong include fintech, technological entrepreneurship and strategies to attract the funding of venture capitalists (VC), said the Saudi Minister of Communications and Information Technology Abdullah Al-Swaha.
Health sciences and biotechnology, the environment, cloud computing, artificial intelligence (AI) – specifically generative AI – and smart cities are other areas that the kingdom is keen to strike partnerships on, he said.
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Saudi Arabia to deepen ties with Hong Kong, use city as bridge to China’s tech prowess: minister
Saudi Arabia to deepen ties with Hong Kong, use city as bridge to China’s tech prowess: minister
“[Hong Kong and Saudi Arabia] are going through very promising transformations, where both economies are financial hubs in their own regions,” Al-Swaha said during an interview with the Post. “We have an opportunity to build an innovation bridge, to leapfrog into the future with an innovation-based economy.”
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