Li Jiachao, Chief Executive of the Hong Kong Special Administrative Region of China, led a delegation to visit Saudi Arabia from the 5th to the 6th to promote Hong Kong and discuss cooperation to help Saudi Arabia's diversified economic development. Saudi politicians and businessmen are looking forward to broader cooperation with Hong Kong and are full of confidence in the future development of Hong Kong. At the Saudi-Hong Kong Investment Forum held on the evening of the 5th, Li Jiachao said that the cooperation between Hong Kong and Saudi Arabia has entered a new stage, and the two sides are ready to start the formal negotiation of the investment promotion and protection agreement. Li Jiachao said that the cooperation between Hong Kong and Saudi Arabia in various fields has achieved fruitful results in recent years, and there is great potential for further cooperation between Hong Kong and countries in the Middle East in the future. As a major international financial center, Hong Kong is making efforts to contribute to the goal of mutual benefit with the Middle East. This visit has created a good start for future cooperation, and he looks forward to establishing stronger ties with the people in the regional political and business circles. Saudi Investment Minister Khalid Fateh extended a warm welcome to the visit of the Hong Kong delegation. He said that this visit will further promote the development of various fields including asset management, private equity, wealth management and financial technology. Tony Klips, CEO of British Bank of Saudi Arabia, said that Hong Kong is not only a major international financial center, but also an important part of China's Guangdong Hong Kong Macao Greater Bay Area and the "the Belt and Road" initiative. This important position makes Hong Kong a key role in strengthening commercial ties with Saudi Arabia. As an expert in the field of public transport, Joseph Ma, Hong Kong urban planner and consultant to the executive president of Saudi Public Transport Company, believes that in addition to economic and trade cooperation, talent exchange and cooperation between Saudi Arabia and Hong Kong in the field of professional technology are also very important. Li Jiachao left for Abu Dhabi, the capital of the United Arab Emirates, on the afternoon of the 6th to continue his trip to the Middle East. More than 30 business representatives from different fields, organized by the Hong Kong Trade Development Council, accompanied the delegation. (Xinhua News Agency)