Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
HKSTP and Seven Hong Kong Tech Ventures Forge Partnerships at FII8

Strengthening Ties in Innovation and Investment with the Middle East

HONG KONG SARMedia OutReach Newswire - 6 November 2024 - At the Future Investment Initiative Institute 8th Edition (FII8), held from 29th October to 31st October in Riyadh, Saudi Arabia, the Hong Kong Science and Technology Parks Corporation (HKSTP) made significant strides in bridging Hong Kong and the Middle East's innovation and technology (I&T) ecosystems and capital investment.

Witnessed by the HKSAR Financial Secretary Paul Chan (first from right) and FII Institute
Witnessed by the HKSAR Financial Secretary Paul Chan (first from right) and FII Institute's CEO Richard Attias (first from left), Albert Wong, CEO of HKSTP (second from right) and Rakan Tarabzoni, COO of FII Institute (second from left) signed a strategic partnership.

Witnessed by the Hong Kong Special Administrative Region's (HKSAR) Financial Secretary Paul Chan and FII Institute's CEO Richard Attias, HKSTP's CEO Albert Wong signed a strategic partnership with FII Institute's COO Rakan Tarabzoni, making FII Institute a Global Strategic Partner of HKSTP's Global Connect programme, which will connect 20 high-potential Middle Eastern companies annually to Hong Kong, and vice versa. HKSTP has also been recognised as part of FII Institute's Investment Ecosystem.

Richard Attias, CEO of the FII Institute, applauded this partnership stating, 'Today, we proudly welcome HKSTP into FII Institute's Investment Ecosystem. Together, we will foster an environment where ideas flourish, investments thrive, and a new era of growth is realised, paving the way for a sustainable future.'

In addition, HKSTP also signed a partnership agreement with Beta Lab, where HKSTP will introduce its Park companies to the venture capital firm, providing them an opportunity to access Beta Lab's new US$300 million investment fund.

Led by CEO Albert Wong, HKSTP's unprecedented delegation of 25 tech ventures explored new business and investment opportunities at FII8, which is part of HKSTP's 'Innovation Mixer' initiative. Seven of them secured partnerships with Middle Eastern partners to drive meaningful impact on humanity and economic growth. HKSTP also hosted the 'Hong Kong Tech Disrupt' reception on the sidelines of FII8 to introduce the capabilities of HKSTP's robust I&T ecosystem and showcase Park companies' world-class innovations to the broader community of Middle Eastern investors and business partners.

The nine partnership agreements mark a milestone in the Hong Kong government's broader initiative to strengthen ties with the Middle East in technological advancement, economic development and investment opportunities between the two regions -- priorities outlined in Hong Kong's latest Policy Address in mid-October. This also aligns with HKSTP's Go Global vision and commitment to advancing Hong Kong into an international I&T hub.

Albert Wong, CEO of HKSTP said, 'These groundbreaking collaborations reflect a shared commitment to strengthening our collaboration in creating opportunities for tech ventures from both regions to reach their highest potential. It also demonstrates our bold vision to drive progress in scientific, economic, and technological development for a better future. As a cradle and springboard for world-class innovation, HKSTP will continue to support our Park companies in unlocking the boundless potential of technology through cross-border collaboration with our Middle Eastern partners.'

Seven HKSTP Park companies signed MoUs with Middle Eastern organisations under the witness of the HKSAR Financial Secretary Paul Chan (middle of back row), Albert Wong, CEO of HKSTP (left of back row) and Nicholas Ho, HKSAR Commissioner for Belt & Road (right of back row)
Seven HKSTP Park companies signed MoUs with Middle Eastern organisations under the witness of the HKSAR Financial Secretary Paul Chan (middle of back row), Albert Wong, CEO of HKSTP (left of back row) and Nicholas Ho, HKSAR Commissioner for Belt & Road (right of back row)

Key highlights of the seven partnerships signed between HKSTP's and Middle Eastern enterprises or organisations:

  • In logistics and connectivity, Westwell is partnering with Ports Services & Storages, to integrate smart technology in logistics, container yard and supply chain activities in the Middle East and North Africa. Furthermore, Kian Alraqmiah Company's introduction of Altai's industrial-grade Wi-Fi solutions into Saudi Arabian container terminals and industrial zones will bring cutting-edge automation and connectivity to streamline regional trade.
  • In AI and robotics, FJ Dynamics, a leading robotics and automation solutions provider for industries like agriculture, construction, and landscaping, is partnering with Saudi-based Sintechs to enhance robotics technology and marketing perspectives across critical industries, aligning with the Gulf region's tech-forward vision. Manifold Tech's AI-powered spatial intelligence solution will empower Geo Tech to collect, manage, and analyse large amount of real-time geospatial data more efficiently, raising industry standards. Nasla Tourism will deploy XKool's AI-powered construction management solution in its latest sport-themed park.
  • In sustainability and green tech, the MoU between Volar Air Mobility and Aeronautica Aviation exchange knowledge and optimise both of their expertise to advance electrical aircraft operation in the Middle East.
  • In wellness and health tech, innovative health wearable devices company Ninenovo will leverage Techmart Corporate's distribution network to expand in the UAE, Oman, Bahrain, Qatar and Kuwait, enriching consumer options for the Middle East fast-growing wellness-focused market.

Park company Archireef, a global pioneer of 3D-printed terracotta reef tiles for ocean restoration, was also voted 'Audience Choice Award' at the FII8 Innovators Pitch Competition, competing against five up-and-coming startups from around the world.
Hashtag: #hkstp #FII8

The issuer is solely responsible for the content of this announcement.

Hong Kong Science and Technology Parks Corporation

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Thursday, November 7, 2024  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Own Your Valentine's Look With Catrice: Flawless Brows & A Blush That Speaks Love [58085-Views]
SHEGLAM X Hello Kitty Returns for Valentine's Day with an Even Sweeter and Dreamier 2.0 Co... [56723-Views]
Host with Heart: REDTAG's Ramadan Home Collection Elevates Every Gathering [37806-Views]
Under the Patronage of Prince Khalid Al-Faisal, Governor of Makkah Region Experts from the... [36478-Views]
Rybakina edges out jabeur in three-set classic at mubadala abu dhabi open [17724-Views]
Hafeet Rail Awards Three Strategic Contracts and Secures a Landmark Agreement to Advance O... [16277-Views]
Hotpack launches CEO Excellence Awards to recognise outstanding employee performance [15498-Views]
ADNOC distribution reports record EBITDA for FY2024 and accelerates operational growth [13514-Views]
Panasonic and Beamcast join forces to accelerate broadcast innovation in Qatar [12267-Views]
Zayed Sustainability Prize Opens Global Call for Transformative Solutions [9553-Views]
Emirates and Air Peace sign interline agreement, expanding travel choices to 13 cities in ... [9463-Views]
Manchester City Abu Dhabi Cup returns as more than 2,500 young players from around the wor... [9344-Views]
João Almeida battles towards podium as Volta Valenciana heats up [9225-Views]
Abu Dhabi Fund for Development strengthens global partnerships and sustainability at World... [8848-Views]
Ajmal Perfumes Introduces The Untold Stories: A Landmark Collection of Five Exquisite Frag... [8754-Views]
AD Ports Group Reports Another Year of Record Results in 2024 with 69% YoY Growth in EBITD... [7068-Views]
IHG Hotels at Dubai Festival City Unveils Exclusive Culinary Delights, Staycation Packages... [6921-Views]
Etihad Rail Announces Winners of Global Rail Innovation Award [6908-Views]
Under the patronage of Khaled bin Mohamed bin Zayed, Department of Government Enablement l... [6662-Views]
Gargash Mercedes-Benz Service Center in Deira Embarks on a New Era of Excellence, Innovati... [6482-Views]
UAE and Portugal explore ways to enhance cooperation in civil aviation, tourism, clean ene... [6359-Views]
Pogačar and UAE Team Emirates-XRG Set Sights on Victory at Home Race [6166-Views]
João Almeida finishes runner-up at Volta Valenciana [5994-Views]
Human Fraternity Ambassadors Gather to Discuss Peaceful Coexistence at the Zayed Award for... [5744-Views]
Bader Al Ghaith: The Emirati Entrepreneur Driving NO-VA's Success [5539-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories