HKSTP Strengthens Saudi Innovation Ties at Future Investment Forum

10 Nov 2025 CW Team

The Hong Kong Science and Technology Parks Corporation (HKSTP) joined a Hong Kong delegation led by Financial Secretary Paul Chan to Riyadh, Saudi Arabia, for the 9th Future Investment Initiative (FII9), held from 27–31 October 2025. The visit marked a key step in deepening Hong Kong’s innovation and investment collaboration with the Middle East.

Following its successful participation in major Dubai tech events—GITEX Global and Expand North Star—HKSTP led 13 Park companies to FII9 to showcase Hong Kong’s growing innovation and technology (I&T) ecosystem to global investors and business leaders.

During the visit, i2Cool, a Hong Kong-based Park company, signed a Memorandum of Understanding with MADAR Building Materials Company, expanding its footprint in the Middle East. Another firm, Westwell Technology, presented its AI-driven renewable energy solutions, highlighting how smart logistics can drive a greener, more sustainable future.

HKSTP stated that the visit reinforces Hong Kong’s role as a global I&T bridge connecting Asia and the Middle East, while opening new opportunities for cross-border partnerships and technology exchange.

Established in 2001, HKSTP supports over 2,400 technology companies and 13 unicorns, positioning Hong Kong as a regional innovation hub in sectors including AI, fintech, biomedicine, and smart city solutions.

Infrastructure Transport

10 Nov 2025

Hind Rectifiers Delivers Robust Q2 FY26

Hind Rectifiers, a leading manufacturer of power semiconductors, power electronic equipment and railway transportation systems, announced its unaudited financial results for the quarter and half year ended September 30, 2025.Key Consolidated Highlights – Q2 FY26Revenue from operations grew 37 per cent YoY to Rs 2.27 billion (Rs 1.65 billion in Q2 FY25).EBITDA rose 41.4 per cent YoY to Rs 250.9 million (Rs 180.3 million in Q2 FY25), supported by backward integration and improved operating leverage.EBITDA margin improved by 40 bps YoY to 11.4 per cent (11.0 per cent in Q2 FY25).PAT increased 4..

Godrej Earns Water Positive Certification

Godrej Enterprises Group has been certified Water Positive by TÜV India following a rigorous third-party audit covering all 25 of its manufacturing plants across India. With a Water Positive Index of 1.87, the company replenishes 1.87 litres of water for every litre consumed through within-fence initiatives—underscoring its leadership in regenerative and responsible manufacturing.TÜV India’s certification, based on its globally aligned Water Positive Scoring Framework, validates that Godrej’s water stewardship practices create measurable positive impact beyond regulatory compliance. Th..

Liebherr Begins Major Upgrade of Biberach Plant

Liebherr-Werk Biberach GmbH, a global leader in tower and mobile construction cranes, will invest a nine-figure sum to modernise its Biberach (Riß) site by 2034. The first phase includes a multi-million-euro upgrade and expansion of the production plant, underscoring Liebherr’s long-term commitment to the region and its skilled workforce.“We are building one of the most advanced crane production facilities in the world,” said Werner Seifried, Managing Director for Development and Production at Liebherr Tower Cranes. “Evolving market dynamics, rising competition and increasing customer..