Saudi Arabian Tech Giant Eyes Hong Kong as Asia Gateway and Smart City Partner The recent visit of Elm, a Saudi Arabian tech giant backed by the Public Investment Fund, to Hong Kong has generated interest in the city's potential as a strategic gateway to Asia.
The firm's executive vice president, Majid Saad Al Arifi, expressed enthusiasm for partnering with local authorities on the Northern Metropolis project, a smart city initiative aimed at revitalizing the eastern part of Kowloon.
This development is significant not only because it signals Saudi Arabia's growing interest in Southeast Asia but also because it reflects a broader trend of Middle Eastern nations investing in Asian tech hubs.