The Hong Kong Monetary Authority (HKMA) and the sovereign wealth fund of Saudi Arabia will launch a US$1 billion fund to help companies from Hong Kong and other cities in the Greater Bay Area expand into the Middle Eastern country, Financial Secretary Paul Chan Mo-po said on Tuesday.
The move was expected to contribute to the development of non-oil economic sectors in Saudi Arabia, he said.
“Next month, a major Saudi development company will be hosting a roadshow in Hong Kong to seek strategic…