During the conference she demolished with leading Egyptian companies and entrepreneurs, and emphasizes the benefits of Hong Kong as a regional hub, supported by its professional workforce, robust rule of law, low and simple tax system and strategic location in the heart of Asia.
Hong Kong -edypt -economic ties bloomed
In 2023, Investk signed at the Memorandum of Understanding (MOU) with the General Authority for Investments and Free Zones (GADI) of the Arab Republic of Egypt, cooperation with mutual promises on exchanges and support of investment promotion. In 2024, the department opened a new office in Cairo, Egypt, to improve its efforts in attraction companies from the East and North Africa (Mena) to set up or expand their business in Hong Kong.
In 2024, Hong Kong and Egypt enjoyed a lively trade relationship, bilateral trade in merchandise that reached HK $ 2.1 billion (US $ 0.3 billion) to 5.4% increased from 2023. This growing economic connection underlined the potentially for deeper commercial cooperation.
Hong Kong’s investment environment
Hong Kong is considering being one of the most liberal and easiest places to do business in the world, such as reflected in many renewed international rankings. To name just a few, the Business Ready 2024 report published the first in “International Trade” by the World Bank Group Hong Kong; Hong Kong was also arranged as the world’s frewste economy in the “Economic Freedom of the World: 2024 Annual Report” by the Fraser Institute and the 5th most competing economy in the “World Competition City 2024” by the International Institute for Management Development; And according to the “World Investment Report 2024” Release through the trade and development of the United Nations in June 2024, Hong Kong was the 4th largest Neder configuration of the BDI intake in 2023 worldwide.
Mrs. Lau said: “The strategic location of Egypt as an gateway to Africa and the Middle East, combined with its dynamic and diversified economy, makes it a natural partner for Hong Kong. Hong Kong, the leading international financial hub of Asia and the business launching records of Asia and the Breder-pac.”
She added: “Our team in Cairo is read to help Egyptian companies to set up their business and expand them in Hong Kong. We offer One-Stop adapted support service for support, from planning to implementation phases. We look forward to working closely with you in Asia.”
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