FII 2024: Hong Kong delegation secures billions of dollars in Saudi funds from dozen deals

Quick Summary:

The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.

Cathay Pacific is in code-sharing talks with Riyadh Air to expand each other’s route network after Saudi Arabia’s second carrier placed a multibillion-dollar order of 60 Airbus aircraft.

The direct flight shaved about five hours off the travelling time between the two cities to nine hours, said Chan after flying on the route on Monday.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongCubaSaudi Arabia

Topics: Riyadh Science Week Arabia Hong Middle Kong Days Start-ups Saudi Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 07:00:21 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23357134

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Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

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Publisher ID: #42

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