Lord Edwin E. Hitti, President of The Arab Chamber of Commerce & Industry at the request of The Commerce and Economic Development Bureau, of the Government of Hong Kong SAR, consulted key officials, under the trend of globalisation, to establish a wide global network to expand new economic and trade ties, on the formation in Dubai, U.A.E. one of five new “Economic and Trade Offices’ (ETOs).
Lord Edwin conveyed sincere congratulations to the Office Director General Mr. Damian LEE; Deputy Director Mr. Alvin WONG; and by extension to the Bureau Head, the Secretary for Commerce and Economic Development, Mr. Edward YAU Tang-wah, GBS, JP, on this initiative, and indicated that it is necessary to enhance Hong Kong’s representation and raise the SAR’s profile in the Middle East region.
With such initiative the HKSAR Government will strengthen ties with the Arab countries, in particular the GCC, with a view to encouraging local governments; companies; and individuals to make more use of Hong Kong’s financial services and use Hong Kong as a financial platform.
In addition, there are huge potentials in the Islamic financial market. Improving Hong Kong’s links with the Muslim communities will help promote the development of the Hong Kong Islamic banking sector.