Press Release |

Tsangs Group Announces Hong Kong Ambassadors Club Business Delegations Fostering Middle East Connections in Smart City and Food Tech, Propelling Progress Towards COP28 UAE

Tsangs Group, as one of the founding members of the Hong Kong Ambassadors Club (“HKAC”), is pleased to announce the successful completion of the “BridgeME KSA-HK Smart City Business Delegation” and “BridgeME UAE-HK Food Tech Delegation” – from 24 September to 6 October 2023 in Riyadh of the Kingdom of Saudi Arabia, Dubai and Abu Dhabi of the United Arab Emirates (“UAE”). The delegations have accelerated the implementation of previously signed Memorandums of Understanding (MoUs) across smart city and food technology while fostering new partnerships to propel progress towards the upcoming COP28 UAE.

Business Meeting with The Ministry of Investment of Saudi Arabia (MISA) at the BridgeME KSA-HK Smart City Business Delegation.

Led by Co-founders of the HKAC, The Hon Jeffrey Lam Kin-fung, GBM, GBS, JP,  Member of the Legislative Council and the Executive Council of the HKSAR Government, and Patrick Tsang, Chairman of Tsangs Group, the delegations convened foremost stakeholders from Hong Kong and the Middle East in the strategic sectors. Participating Hong Kong companies included A-Grade Energy Limited, a renewable energy material and technologies company; Rice Robotics Limited, a smart logistics robot services company; and Green Monday Holdings, the Asia pioneer in plant-based movement and food technology innovation.

Memorandum of Understanding signing session at The 8th Belt and Road Summit organised by The Hong Kong SAR Government and The Hong Kong Trade Development Council (“HKTDC”) with Rice Robotics. Pictured (from left to right): Victor Lee, Founder and CEO of Rice Robotics; The Hon Jeffrey Lam Kin-fung, GBM, GBS, JP; and Patrick Tsang. The ceremony was witnessed by Stephen Liang.

Following Hong Kong delegations led by the Chief Executive John Lee, in February and the trips by the Hong Kong Ambassadors Club respectively, the signed MoUs are successfully converted into definitive cooperation agreements. A-Grade Energy and Rice Robotics will embark on BIPV solar panel installations and robot pilots in UAE with local corporate and government partners. In Saudi Arabia, both will embark on pilot projects and establish an experience center to advance smart city solutions. Furthermore, Green Monday takes a stride forward by collaborating with local partners to expand its footprint in the UAE market. HKAC is finalising an additional 10 MoUs with key counterparts in KSA and UAE, such as ROSHN Group, Mohammed bin Salman Al Saud Nonprofit City (Misk City) and MISA, to strengthen the economic and cultural ties and contribute to developing a green economy.

Green Monday OmniFoods Tasting Business and Investor Lunch with Dubai’s influential guests such as Jeremy Jauncey, Founder and CEO of Beautiful Destinations; Wassim Youssef Said, Advisor to UAE Minister of Climate Change and Environment; and Ananya Narayan, Managing Director of Hunter Foods.

The delegations have engaged numerous high-level government officials, conglomerates, and ruling families in both nations. Notable meetings were held with H.R.H. Prince Bandar bin Saud bin Khalid Al Saud, Chairman of Al Khozama Group, H.E. Hamed bin Mohammed Fayez, Saudi Deputy Minister of Culture and senior representatives of Misk City, ROSHN Group and Saudi Downtown Company (a subsidiary of the Saudi Public Investment Fund); Sabrin Rahman, Director of Partnerships for COP28 UAE; H.E. Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; and Dr Abdullah Almahri, Director of Investments and Stakeholder Management of UAE Ministry of Industry and  Advanced Technology.

HKAC attended the Saudi World Tourism Day and Saudi Film Confex to foster the cultural exchange. The group also visited the NEOM Media Village, exploring global opportunities for Saudi-China film co-production and conducting fruitful dialogues with the Saudi Film Commission and Cultural Development Fund.

“Ever since the Hong Kong delegation led by the Chief Executive of Hong Kong, the Hong Kong Ambassadors Club has embarked numerous business trips and exchanges in the Middle East region with successful accomplishments in MoUs and commercial cooperation. Within the Belt and Road Initiative framework, the HKAC is instrumental in forging international partnerships. The delegations have reinforced our commitment to global collaboration and ignited innovation across key sectors among Hong Kong, Greater Bay Area and the Middle East,” commented The Hon Jeffrey Lam Kin-fung, GBM, GBS, JP.

“By connecting global experts and deploying innovative technologies, the HKAC is accelerating collaboration to drive positive change and turning vision into action. As COP28 approaches, we are proud to be laying the groundwork for impactful solutions to create a more sustainable future,” Patrick Tsang commented.

Group Photo with Sabrin Rahman (middle), Director of Partnerships for COP28 UAE, and David Yeung (middle-left), Co-founder of Green Monday.

Looking ahead, the HKAC is set to embark on an exceptional mission scheduled to unfold from 29 November to 4 December in Dubai, with the support of Sabrin Rahman of COP28 UAE. This upcoming COP28 delegation will comprise prominent business executives and green companies, together with a dynamic group of 15+ young Chinese and Hong Kong business leaders. Their collective mission will revolve around engaging in various sessions within the blue and green zones at COP28 UAE, facilitating a vibrant exchange of ideas and insights that promise to shape the future of green technology and sustainability.

HKAC would like to express the gratitude to the relevant authorities in Saudi Arabia and the UAE for their invaluable support respectively, including the Ministry of Investment of Saudi Arabia, the Ministry of Culture of Saudi Arabia, the Ministry of Tourism of Saudi Arabia; and the UAE Ministry of Economy, the Dubai Department of Economy and Tourism, Abu Dhabi Investment Office, Consulate General of the UAE in Hong Kong. HKAC remains committed to bridge the two regions and conduct business and investment, thereby fostering connectivity and prosperity globally.

About Hong Kong Ambassadors Club

Hong Kong Ambassadors Club is an organisation for global investors and professionals seeking to deepen ties, build connections, and participate in intimate and high-level conversations with Hong Kong’s best, while obtaining regular newsletters and important and up to date on the ground information and celebrating the unique culture and spirit of its people.

For more information, please visit: https://hk-ac.org/ or contact: info@hk-ac.org.

About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.

Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.

From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.

For further information:

Tsangs Group
Andre Kwok
Tel: +852 2361 3923
andre.kwok@tsangsgroup.co