Saudi ministers pitch Hong Kong investors

Saudi WTO delegation seeks Hong Kong direct investment

A high level Saudi Arabian Government team led by Dr Hisham Yamani, Minister of Commerce, and Alaudeen Alaskari, the Consul General in Hong Kong, took time-out from the WTO meeting to promote foreign investments in Saudi Arabia.

Along with representatives of the Saudi Arabia General Investment Authority, they advocated Saudi investments to Hong Kong funds and investors at an event hosted by KE Absolute, a regional stockbroker specializing in servicing hedge funds.

The Saudi economy is opening up, with 20 service sectors newly targeted for privatization in a recent government white paper. Liberalization of the Saudi economy and a less interventionist government stance is designed to allow...

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