Kuwait and China’s Hong Kong Special Administrative Region (HKSAR) have taken a major step toward deeper bilateral ties. On Tuesday, both sides signed an agreement to promote and protect mutual investments, while also discussing broader cooperation goals.
HKSAR Chief Executive John Lee confirmed the deal during a press briefing shared with Xinhua. He noted that Kuwait is the first GCC country to sign both an investment promotion agreement and a comprehensive double taxation agreement with Hong Kong.
This milestone sets a firm legal foundation for Kuwait-Hong Kong cooperation. According to Lee, this agreement opens new economic doors for both sides.
Lee praised Kuwait’s ongoing efforts to diversify its economy through its ambitious National Vision 2035. This plan focuses on innovation and aims to establish Kuwait as a global financial and commercial hub.
Given this strategic vision, Lee explained, Hong Kong’s world-class financial and trade expertise is a natural fit. He stressed that Kuwait-Hong Kong cooperation supports both nations’ long-term development goals.
Moreover, the two sides discussed potential partnerships in finance, investment, technology, and the digital economy. Lee noted that these sectors offer rich opportunities for mutual benefit.
He also highlighted Hong Kong’s capabilities in innovation, which align well with Kuwait’s economic transformation goals.
This agreement is more than symbolic. It signals a new phase in Kuwait-Hong Kong cooperation, one rooted in economic integration and shared ambition. Both parties expect this partnership to attract investors and fuel sustainable growth.
In conclusion, the Kuwait-Hong Kong cooperation framework promises to accelerate joint projects in multiple sectors. Officials on both sides remain optimistic about the future.
