SYS-CON MEDIA Authors: Zakia Bouachraoui, Liz McMillan, Carmen Gonzalez, Roger Strukhoff, David Linthicum

News Feed Item

Fourth Belt and Road Summit examines opportunities



Numerous investment projects pitched, Middle East actively involved

HONG KONG, Sept 12, 2019 - (ACN Newswire) - The fourth Belt and Road Summit, jointly organised by the HKSAR Government and the HKTDC, drew to a close today, having brought together more than 5,000 political and business elites from over 60 countries and regions. Under the theme "Creating and Realising Opportunities", the two-day summit invited over 80 government and business leaders from countries and regions around the world to discuss the opportunities available in different sectors based on latest developments of the Belt and Road Initiative.

Under the theme 'Creating and Realising Opportunities', the fourth Belt and Road Summit welcomed nearly 5,000 political and business elites from over 60 countries and regions to Hong Kong.

HE Abdulla Al Saleh, Under Secretary of Foreign Trade and Industry, Ministry of Economy, United Arab Emirates, during the Policy Dialogue Session, saying Hong Kong offers rich experience in Islamic finance and an excellent monetary system, important to Middle Eastern enterprises with financing needs.

A series of cooperation agreements were signed at the Summit. Hong Kong's Kwan On Holdings signed a memorandum of understanding with the Metropolitan Manila Development Authority of the Republic of the Philippines, at the event.


Infrastructure investment projects drive geographical connections

Aside from the plenary sessions and various thematic discussion sessions, the 2019 Summit featured One-to-one Business Matching Meetings and Project Pitching Sessions that proved popular among both project owners and participants. The Summit received more than 240 investment projects, focusing on: Urban Development; Energy, Natural Resources and Public Utilities; and Transport and Logistics Infrastructures. The projects covered 33 countries, including France, the United Arab Emirates, Saudi Arabia, Vietnam, Indonesia and the mainland. More than 700 project matching meetings were arranged for project owners, investors and professional service providers, with over 300 companies participating.

Middle East countries actively involved in Belt and Road

Countries from the Middle East are now key partners in the Belt and Road Initiative. HE Abdulla Al Saleh, Under Secretary for Foreign Trade and Industry, Ministry of Economy, United Arab Emirates (UAE), spoke at the Policy Dialogue Session. "Hong Kong has a good business environment and is an ideal platform for starting businesses. Also, Hong Kong has rich experience and expertise in the area of Islamic finance, as well as an excellent monetary system, which is very important to Middle Eastern enterprises that have financing needs." The UAE has attended each Belt and Road Summit, sending a sizeable group of delegates each time.

The Global Investment Zone gathered close to 70 exhibitors from the Asia-Pacific region, Mainland China, Europe, the Middle East and Africa, hosting exhibitions that highlighted the respective investment environments, key industries and development projects of these countries and regions. In addition to the Hong Kong Zone, which featured some 40 service providers, there were two pavilions from Saudi Arabia - one organised by the Saudi Ministry of Transport and another by the Saudi Arabian General Investment Authority (SAGIA) - that introduced the country's government policies and investment opportunities, respectively.

Saudi Arabia also joined with the United Arab Emirates to organise three delegations to participate in the Summit, introducing various Belt and Road development projects to participants from other countries and regions. Saudi Arabia highlighted a number of projects related to roads and highways, including the Taif Ring Road and the Jeddah-Mecca Direct Road, while various logistics park projects with high potential were introduced by the UAE.

A series of cooperation agreements were signed at the Summit. Hong Kong's Kwan On Holdings, looking to diversify in the Philippines and expand its Belt and Road Initiative plan, signed an MoU with the Metropolitan Manila Development Authority, a national government agency of the Republic of the Philippines. The MoU sets out an overall framework for launching a light rail project with the objective of optimising transportation in Metro Manila and promoting development along the Pasig River.

New Belt and Road opportunities for SMEs and young people

SMEs have long been the driving force of Hong Kong's economic development. A newly introduced breakout session at this year's Summit, titled "Belt and Road Opportunities for SMEs", invited professionals in the field to introduce the opportunities and challenges SMEs may face under the Belt and Road.

The Belt and Road also offers many opportunities for the younger generation looking to develop their businesses and harness their creativity. In the session "Belt and Road Opportunities for the Young Generation", run in association with InvestHK, a panel of young entrepreneurs shared their experiences and views on how new entrepreneurs can grasp opportunities arising from the initiative.

China International Capital Corporation Ltd served as the Summit's Strategic Partner. Bank of China (Hong Kong) Ltd was the Diamond Sponsor.

Belt and Road Summit website: http://www.beltandroadsummit.hk/en
HKTDC Belt and Road Portal: https://beltandroad.hktdc.com/
Please download more photos from here. https://bit.ly/2lNdQul

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Source: HKTDC

Contact:
Coco Yuen, Tel: +852 2584 4145, Email: [email protected]
Clayton Lauw, Tel: +852 2584 4194, Email: [email protected]


Copyright 2019 ACN Newswire . All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The precious oil is extracted from the seeds of prickly pear cactus plant. After taking out the seeds from the fruits, they are adequately dried and then cold pressed to obtain the oil. Indeed, the prickly seed oil is quite expensive. Well, that is understandable when you consider the fact that the seeds are really tiny and each seed contain only about 5% of oil in it at most, plus the seeds are usually handpicked from the fruits. This means it will take tons of these seeds to produce just one b...
Steaz, the nation's top-selling organic and fair trade green-tea-based beverage company, announces its 2017 "Mind. Body. Soul." tour, which will bring authentic experiences inspired by the brand's signature Mind. Body. Soul. tagline to life across the country. The tour will inform, educate, inspire and entertain through events, digital activations and partner-curated experiences developed to support the three pillars of complete health and wellness.
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
ScaleMP is presenting at CloudEXPO 2019, held June 24-26 in Santa Clara, and we’d love to see you there. At the conference, we’ll demonstrate how ScaleMP is solving one of the most vexing challenges for cloud — memory cost and limit of scale — and how our innovative vSMP MemoryONE solution provides affordable larger server memory for the private and public cloud. Please visit us at Booth No. 519 to connect with our experts and learn more about vSMP MemoryONE and how it is already serving some of...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Platform9, the leader in SaaS-managed hybrid cloud, has announced it will present five sessions at four upcoming industry conferences in June: BCS in London, DevOpsCon in Berlin, HPE Discover and Cloud Computing Expo 2019.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...