The Hong Kong Science and Technology Parks Corporation (HKSTP) made a significant mark on the global innovation landscape by joining a Hong Kong delegation led by Financial Secretary Paul Chan at the 9th Future Investment Initiative (FII9) in Riyadh, Saudi Arabia. Held from October 27–31, 2025, the forum served as a pivotal platform for connecting Hong Kong’s growing technology ecosystem with the Middle East’s rapidly expanding investment environment.
The participation underscores Hong Kong’s commitment to fostering international collaboration in innovation and technology, demonstrating the city’s ability to serve as a bridge between Asia and the Middle East.
Showcasing Hong Kong’s Innovation Excellence
Building on its successful presence at major tech events in Dubai, including GITEX Global and Expand North Star, HKSTP brought 13 Park companies to FII9 to highlight Hong Kong’s robust innovation and technology (I&T) capabilities. From AI and renewable energy solutions to smart city innovations, the delegation displayed the breadth and depth of Hong Kong’s tech ecosystem, attracting attention from global investors and industry leaders.
Among the companies making waves was i2Cool, which signed a Memorandum of Understanding with MADAR Building Materials Company. This collaboration marks an important milestone for expanding Hong Kong-based innovations into the Middle East, creating a pathway for new business opportunities and cross-border partnerships.
Driving Sustainability and AI Innovation
Westwell Technology, another Park company, presented AI-driven solutions aimed at transforming renewable energy and logistics. The showcase emphasized the growing role of smart technologies in creating sustainable business models and environmentally conscious solutions. By demonstrating tangible applications of innovation, HKSTP highlighted how Hong Kong companies are leading in sustainable, high-impact technology deployment.
This approach reflects a broader global trend where innovation is not only about profit but also about creating meaningful societal impact. It positions Hong Kong as a hub that nurtures technologies capable of addressing pressing challenges in energy, transportation, and urban development.
Strengthening Hong Kong’s Global Role
HKSTP’s presence at FII9 reinforces Hong Kong’s position as a global I&T bridge. By connecting Asian innovators with Middle Eastern investors, the corporation is helping create opportunities for knowledge exchange, technology partnerships, and investment growth. This strategic engagement opens doors for more dynamic collaborations, positioning Hong Kong as an essential node in the global innovation network.
Since its establishment in 2001, HKSTP has supported over 2,400 technology companies, including 13 unicorns. The corporation has steadily cultivated Hong Kong’s status as a regional innovation hub, particularly in AI, fintech, biomedicine, and smart city solutions. Its active participation in international forums demonstrates the city’s ambition to remain at the forefront of global technological advancement.
Empowering Entrepreneurs and Startups
The collaboration also benefits entrepreneurs and startups, providing them with exposure to international markets and investors. Through initiatives like the FII9 engagement, young companies gain valuable insights into scaling operations globally and forging partnerships that extend beyond regional boundaries.
Such platforms help emerging companies refine their business models, understand diverse market needs, and innovate with a global perspective. HKSTP’s support ensures that Hong Kong startups are not just competitive locally but are equipped to thrive on the world stage.
Building Bridges for Long-Term Growth
The partnerships formed at FII9 reflect a commitment to long-term growth and cross-border collaboration. As Hong Kong companies like i2Cool and Westwell Technology establish their presence in the Middle East, they create pathways for technology transfer, knowledge sharing, and sustainable development.
These collaborations also align with broader economic strategies, supporting innovation-driven growth in both Hong Kong and Saudi Arabia. By investing in technology and fostering partnerships, both regions are positioning themselves for a future where innovation is central to economic development.
Innovation as a Global Connector
HKSTP’s engagement demonstrates the unifying power of innovation. In bringing together governments, investors, and entrepreneurs from diverse regions, the corporation exemplifies how technology can serve as a bridge for international cooperation. The initiatives highlight the importance of global collaboration in addressing universal challenges such as sustainability, energy efficiency, and smart urban development.
The success of Hong Kong’s delegation at FII9 further reinforces the message that innovation is a shared endeavor. By fostering relationships with global partners, HKSTP ensures that Hong Kong remains a key player in shaping the technological and economic landscape of the 21st century.
Inspiring the Next Generation of Innovators
Beyond corporate partnerships, HKSTP’s efforts inspire a new generation of innovators. By showcasing success stories and pioneering technologies, the corporation motivates aspiring entrepreneurs to pursue bold ideas and contribute to the global innovation ecosystem.
The forum’s exposure helps young companies understand that innovation is not limited by geography. Opportunities exist worldwide, and by leveraging technology, startups can expand their influence and impact far beyond their home markets.
A Vision for Sustainable Innovation
The presentations and partnerships at FII9 emphasize the growing importance of sustainability in technology development. From renewable energy solutions to environmentally conscious building materials, Hong Kong companies are championing a future where innovation and responsibility go hand in hand.
This vision aligns with global trends and reinforces Hong Kong’s position as a forward-thinking innovation hub capable of addressing complex challenges while creating economic and societal value.
Conclusion
HKSTP’s participation in the Future Investment Initiative underscores the city’s dynamic innovation ecosystem and its role as a bridge between Asia and the Middle East. Through partnerships, technological showcases, and strategic collaborations, HKSTP is helping shape a global narrative where innovation drives sustainable growth, international cooperation, and meaningful impact.
By fostering cross-border opportunities and empowering entrepreneurs, HKSTP continues to strengthen Hong Kong’s reputation as a world-class innovation hub, paving the way for a brighter, more connected future for technology and investment worldwide.
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