Hong Kong’s chief executive, Carrie Lam and secretary for Transport & Housing, Frank Fan Chan met DP World Group chairman, Sultan Ahmed Bin Sulayem at Government House earlier this week.
Discussions across a broad range of sectors ripe for collaboration included ports, logistics and customs. The meeting follows the opening of a Dubai Export Office in the territory and is ahead of plans by Hong Kong to open an Economic and Trade Office in Dubai.
The development of financial services and cruise terminal facilities, and the One Belt, One Road initiative were also discussed.
Bin Sulayem, said, “Hong Kong and Dubai are at the crossroads of world trade and we share a common history as capitals of commerce, where well-developed logistics infrastructure has enabled growth of our economies.
“We are proud to be playing a significant role in trade between the two cities through our flagship operations in Jebel Ali Port where we’ve pioneered the port centric logistics approach and our operations in the Port of Hong Kong. We’re also interested in exploring Hong Kong’s cruise terminal business.
“Asia will continue to play a major role in our global network across 40 countries and we look forward to working with Dubai Exports to grow trade there for the long term. We are partners in this journey, we are on the same ‘Belt and Road.’ DP World and its partners are investing $1.9bn in China port terminals until 2020 and already have operations alongside Hong Kong in Qingdao, Tianjin and Yantai,” he concluded.
Dubai Trade with Hong Kong in 2016 totalled HK$65.92bn.