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UAE- Hong Kong Strengthen Economic and Investment Ties

MEDIA / Articles / 2019 / UAE- Hong Kong Strengthen Economic and Investment Ties
The Ministry of Finance (MoF) signed an agreement with the Government of Hong Kong Special Administrative Region (HKSAR) to facilitate and protect investments between the two parties, as part of the Ministry’s ongoing endeavours to protect the nation’s investments, and to attract and develop new foreign investments.

The agreement encourages and creates a conducive environment that safeguards the investments between the two parties, allowing for a wide variety of public and private partnerships to be established and which has mutual protection and benefits.

Hong Kong plays a crucial role as a connecting bridge from the rest of the world to Mainland China, with the bulk of mainland’s outgoing investments passing through Hong Kong, and this agreement is a solid progression of both parties partnership and cooperation.

The UAE is Hong Kong’s largest regional economic partner, and a solid partner as part of China’s Belt and Road Initiative in the region, and the Sino-UAE cooperation is set to achieve greater heights with the inked agreement.

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