Emerging Technologies Drives Opportunities: Middle East Countries Actively
Pursue Digital Transformation, Bringing Business Opportunities to Hong Kong
In recent years, some Middle East countries have been actively pursuing technological innovation. With the help of emerging technologies, they are actively laying out strategies for digital transformation, striving to position themselves as leaders of innovation in the Middle East region. This wave of innovation has created potential business opportunities for countries with advantages in innovating technology.
The United Arab Emirates is promoting "Smart Dubai 2021" to revolutionize public services, with the intimate goal of gradually transforming Dubai into the happiest city on Earth by leveraging innovative technologies to drive the digital transformation of the Dubai government. As of now, Dubai has already applied blockchain technology in various areas such as real estate transactions and rentals, notary services, business registration, food safety, e-prescriptions, electric vehicle charging and vehicle inspections, etc. By digitizing public services through blockchain, the Dubai government has saved nearly $1.5 billion in annual expenditures.
Hong Kong, as a leader in promoting innovative technologies, is actively assisting Middle East countries in their digital transformation. Omar Khan, Director of the Dubai Chamber of Commerce's Commercial Research Centre, pointed out that both Hong Kong and Dubai are major commercial hubs in their respective regions, with significant potential for collaborative partnerships across various sectors. This collaboration can enhance trade, investment, and talent mobility between the Asia-Pacific region and markets in the Middle East and Africa. As Dubai continues transform into a larger and more innovative city, there are abundant investment opportunities in smart cities, data centers, advanced manufacturing, and transportation infrastructure. Additionally, many businesses in Dubai are keen on exploring opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, where Hong Kong serves as both a globally renowned business platform and an excellent gateway to the mainland China.
