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Belt and Road Initiative marks first decade HKTDC Promotes Hong Kong as the Business Partner for Middle East Companies

–The Belt and Road Initiative, which is now
backed by 152 countries and accounts for 75% of the world's population and over 50% of global
GDP, marks its 10 th anniversary this year. As a long-time active participant and contributor to the
Belt and Road Initiative, Hong Kong is a leading platform for Middle East companies to conduct
business into and out of China under the Belt and Road framework.
Accessing the Belt and Road Initiative through Hong Kong
Hong Kong Trade Development Council (HKTDC) Deputy Executive Director Dr Patrick Lau said:
“The Belt and Road Initiative is a well-planned and well-thought-out scheme with long-term goals.”
He believes the initiative reflects the path of Mainland China and Hong Kong’s development and
offers Saudi Arabia and the UAE opportunities to collaborate on business, trading and
infrastructure development.
Deal-making service to Help Saudi, UAE businesses tap talent
Saudi Arabia and the United Arab Emirates continue to be key Belt and Road Initiative partners
and the relationship with Hong Kong continues to grow strengthen. In February 2023 the HKTDC
organised a delegation of Hong Kong Special Administrative Region (HKSAR) business leaders,
which exchanged 13 Memorandums of Understanding/Letters of Intent for Cooperation with local
enterprises and organisations in KSA and the UAE, including the Dubai Chamber of Commerce.
The 8th Belt and Road Summit in Hong Kong
This year the on 13-14 September 2023, the Belt and Road Summit returns to its in-person format.
This year’s summit will expand its horizons to cover more opportunities from the Middle East
market with two special regional sessions planned. “Forward-thinking Middle Eastern companies
can take advantage of the opportunities arising from the initiative, so we would encourage
business leaders, especially those focused on innovation, technology, and finance, to attend the
Belt and Road Summit next month,” Dr Lau said.
Last year’s summit featured more than 80 heavyweight speakers and attracted nearly 20,000
onsite and online participants from over 80 countries and regions, while more than 800 one-to-one
business matching meetings were arranged during the summit.

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Dar delivers detailed design and sustainability strategy for new Aramco Stadium in Al Khobar

one of the world’s leading integrated energy and chemicals companies, in collaboration with leading real
estate company ROSHN has announced the commencement of construction on Aramco Stadium, Al Khobar’s new 47,000-spectator stadium which is planned to meet international standards for the world’s premier football competitions, such as the 2027 AFC Asian Cup, the FIFA World Cup 2034 — which the Kingdom is bidding to host — as well as other showpiece entertainment events. Dar Al-Handasah Consultants (Shair and Partners) — Dar — was responsible for developing and delivering the detailed design of this iconic new stadium, actualizing the signature architect’s vision of a stunning new structure inspired by the natural environment. Dar also delivered the detailed design of the mixed-use masterplan facilities and infrastructure. Dar’s sister Sidara company Maffeis Engineering – one of the world’s most specialized structural engineering consultancies – delivered the detailed design of the stunning and structurally unique roof and façade system. Dar also crafted the sustainability strategy for the stadium, targeting LEED and Mostadam certifications and setting exceptional standards for sustainable stadiums in hot climates, while aligning with Saudi Vision 2030, the Saudi Green Initiative and local and international regulations. The strategy includes measures for implementing passive and active energy efficiency incorporating demand response technologies, reducing water use, diverting
operational waste away from landfills, and specifying eco-friendly, local, and recycled products.

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UAE wins international beach soccer tournament title in China

The UAE national beach soccer team has won the title of the Belt and Road International Beach Soccer Tournament 2024, organised by the Chinese Football Association (CFA) in Weihai, China.

The UAE team secured the title after defeating the Chinese team in three consecutive matches, with the first match ending 4-2, the second 7-3, and the third 4-2.

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UAE youth team wins 18 medals at World Jiu-Jitsu Cup 2024 in Croatia

The UAE national Jiu-Jitsu youth team, sponsored by Mubadala Investment Company, concluded its participation in the World Jiu-Jitsu Cup 2024 in Zadar, Croatia, on Saturday evening.

The UAE champions won a total of 18 medals, including 5 gold, 6 silver, and 7 bronze, in this second edition of the tournament, which was organized by the International Jiu-Jitsu Federation and featured over 350 male and female athletes from 24 countries.

Fahad Al Shamsi, Secretary-General of the UAE Jiu-Jitsu Federation, thanked and congratulated the UAE’s wise leadership and its people on this well-deserved achievement, which further solidifies the country’s dominance in the global Jiu-Jitsu arena.

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