Calling All Global Innovators: Keep Up with the Golden Era of I&T

HKSTP heads to LEAP 2024 to fuel the Saudi and Middle East tech boom and spark collaboration
between fast-rising global innovation forces amidst new phase of Belt and Road Initiative

HONG KONG SAR – Media OutReach Newswire – 28 February 2024 Two innovation and technology flagships in Hong Kong, the Hong Kong Science and Technology Parks Corporation (HKSTP) and the Hong Kong Cyberport, are collaborating to co-host the first-ever Hong Kong Pavilion at Saudi Arabia’s largest tech event, “LEAP 2024”, in Riyadh from 4-7 March. The event will showcase 16 cutting-edge technologies from Hong Kong to over 172,000 visitors, symbolising a significant milestone for the Hong Kong I&T industry on the global stage.

Eight forward-looking startups and tech ventures from HKSTP will be featured at the Hong Kong Pavilion, with cutting-edge innovation from sectors such as biotech, healthtech, logistics, AI, robotics, and new energy (refer to Appendix for details of the eight companies). HKSTP aims to establish partnerships with Saudi businesses and inject new energy into the Belt and Road Initiative, which encompasses over 180 countries and international organisations, including the Middle East.

Mr Albert Wong, CEO of HKSTP, stated, “A golden era of innovation and technology is emerging in Hong Kong, the Greater Bay Area, and across Asia, and we see incredible co-innovation potential in the joining of our two ecosystems in Hong Kong and Saudi Arabia. HKSTP’s participation in LEAP 2024 signifies our commitment to leaping into new worlds and embracing the new cradle of global innovation, which is multilateral and impactful. Our mission is to propel success by advancing in the journey from research to commercialisation, from innovation to financial success, for both home-grown and international startups.”

HKSTP is proud to forge strong connections between two of the world’s rapidly rising forces in global innovation. Hong Kong’s vibrant startup scene ranks second in the world and first in Asia among the Top 100 Emerging Ecosystems, with an estimated value of the city’s startup ecosystem at US$70 billion, twice the global average.1 In parallel, the Saudi tech market reached an impressive US$40 billion by the end of 2022, solidifying its position as the largest in the MENA region.2

As part of the LEAP 2024 event, HKSTP will host a high-profile discussion panel focused on the growing biotech and healthtech sectors, which are key areas for collaboration as both Hong Kong and Saudi Arabia have prioritised them as pillars for economic diversification and future growth.

Titled “Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” the panel will be moderated by HKSTP’s CEO Mr Albert Wong and feature leaders in the Hong Kong biotech and healthtech innovation scene: Prof Samuel Au, President of Cornerstone Robotics; Mr Chi Man Lam, Founder and CEO of Applied Technology Group; and Dr Zhu Tian, Co-Founder and CEO of GenEditBio.

Saudi Arabia’s Minister of Communication, Information and Technology (MCIT) H.E. Eng. Abdullah Al-Swaha visited Hong Kong Science Park at the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event in July 2023, presenting boundless opportunities for tech companies, start-ups and talent. Supported by MCIT Saudi Arabia, LEAP 2024 shall deepen cooperation of two I&T forces and fortify the Hong Kong-Saudi relations in the Belt and Road region.

For more information on LEAP 2024, please visit:

Hong Kong Pavilion @ LEAP 2024

Date: 4 to 7 March 2024

Venue: Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia (Hall 5 – World Tech)

Booth Number: HKSTP H5.D10 | Cyberport: H5.C10

“Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” Panel Session presented by HKSTP

Date: 4 March 2024

Time: 14:40 – 15:20

Venue: Orbital Stage, Hall 5

Data Sources:


Appendix: HKSTP Park companies participating in LEAP 2024 (arranged in alphabetical order according to company names):

ALcarbo Technology Limited (ALcarbo)

ALcarbo is a biotech company pioneering a sustainable algae photobioreactor system to absorb and neutralise carbon dioxide. At LEAP 2024, Alcarbo will introduce its new carbon-capturing algae reactor.

Applied Technology Group Limited (ATG)

ATG is a healthtech company using cloud computing and big data analytics to develop one-stop healthcare management platforms. ClinicONE, a smart clinic solution for doctors and patients, will be showcased at LEAP 2024.

Cornerstone Robotics Limited (CSR)

CSR is committed to developing practical and innovative solutions and providing high-quality medical devices for users and patients around the world. Sentire Endoscopic Surgical System, a surgical robot developed by CSR, will make its debut in the Middle East at LEAP 2024.

Fano Labs Limited (Fano Labs)

AI expert Fano Labs will introduce Callinter, an AI interaction analytics system, at LEAP 2024. Callinter empowers contact centres to analyse customer interactions and specialises in analysing call recordings in multilingual and mixed language settings.

FJ Dynamics International Limited (FJ Dynamics)

FJ Dynamics is a robotic company providing digital and autonomous solutions for agriculture, construction, and other sectors. At LEAP 2024, FJ Dynamics will be showcasing the three components of its Digital Construction Management Platform – 3D LiDAR Scanner, Digital Construction Machine Control System, and RTK Rover.

Floship Limited (Floship)

Floship is a leading global circular supply chain and fulfilment solution provider for global e-commerce brands and crowdfunding campaigns. First time joining LEAP, Floship will introduce its new warehouse and fulfilment locations across the Middle East and Australia.

Geek Plus International Company Limited (Geek+)

Geek+ is a global leader in reliable mobile robotics and a smart logistics provider. In 2023, Geek+ opened the first robotic e-commerce fulfilment centre in Saudi Arabia with Starlinks. At LEAP 2024, Geek+ will demonstrate how its picking robots maximise warehouse efficiency and boost picking accuracy.

Halo Energy​ Limited (Halo Energy)

Halo Energy is a provider of smart and sustainable electric-vehicle (EV) charging solutions. First time joining LEAP, Halo Energy will showcase its award-winning Active Load Management System, which optimises power distribution to maximise efficiency, along with other charging management platforms.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 with a mission to position Hong Kong as an international innovation and technology (I&T) hub. HKSTP has created a thriving I&T ecosystem supporting over 10 unicorns with more than 13,000 research professionals and around 1,700 technology companies from 24 countries and regions focused on healthtech, AI and robotics, fintech and smart city technologies.

We offer comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures on their I&T journey. Our growing innovation ecosystem is built around our key locations of Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long. The three InnoParks are realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined for a new generation of industry.

To support Hong Kong’s future development and its growing demands of the I&T industry, HKSTP is actively connecting the city with Shenzhen. This aims to strengthen cross-border exchange, attract technology companies as well as talent from around the world, helping them go global by exploring the mainland China and overseas markets.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, opened in September 2023 with a gross floor area of 31,000 square meters. The two buildings provide both dry and wet laboratories, co-working areas, conference and exhibition spaces, and more. We will focus on attracting enterprises in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability.

Through our infrastructure, services, expertise, and network of partnerships, HKSTP will help establish I&T as a pillar of growth for Hong Kong, while reinforcing the city’s international I&T hub status as a launchpad for growth at the heart of the GBA innovation powerhouse.

More information about HKSTP is available at

Media Contact:  

Gloria Ip

Tel: +852 2629 6770 / 9215 6251


Edelman Public Relations

June Wong

Tel: +852 3756 8623 / 6986 5822



WadzPay’s Dubai entity receives Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority

Issuance of licence is subject to meeting pre-operating requirements and qualifications for operational approval

WadzPay’s Dubai Entity Receives VASP Licence from VARA

WadzPay’s Dubai Entity Granted VASP Licence. Poised to Revolutionize Virtual Asset Transactions in Middle East.

DUBAI, United Arab Emirates, Feb. 28, 2024 (GLOBE NEWSWIRE) — WPME Technology, the Dubai-based entity of WadzPay, a leading fintech company specialising in blockchain based technology for virtual assets announced that it has been granted a Virtual Assets Service Provider (VASP) Licence for Virtual Asset Broker-Dealer service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). The licence remains non-operational until the company fully satisfies all remaining conditions and select localisation requirements defined by VARA, following which it will be able to commence operations, subject to regulatory reverification and approval.

As one of the pioneers in blockchain based virtual assets technology, WadzPay is excited to deliver its innovative and industry-leading solutions to customers across Middle East while working closely with regulators in contributing to build a compliant and robust fintech ecosystem.

Mr. Anish Jain, Founder & CEO, WadzPay stated, “This licence showcases WadzPay’s dedication in promoting innovation in the field of virtual assets domain and blockchain technology bringing us a step closer to delivering world class solutions to businesses in Middle East.”

WadzPay aims to revolutionize the way people in the Middle East transact and manage virtual assets. WadzPay’s commitment to compliance ensures that financial institutions and their customers can confidently embrace the benefits of blockchain technology while adhering to regulatory standards, ultimately contributing to the growth and sustainability of the fintech ecosystem in the Middle East.

Mr. Ram Chari, Board Member and Group Director, WadzPay quoted, “This will further solidify WadzPay’s position as a trusted and reliable blockchain technology based financial service provider in the region. With the broker-dealer services, WadzPay will provide the technology to its clients to enhance the experience of their customers by enabling virtual assets transactions in a seamless and secure manner.”

To which Mr. Khaled Moharem, President – MENA & Europe at WadzPay, emphasized, “This cements our hard work and sets the stage for transformative blockchain solutions, promoting compliance and customer confidence in the Virtual Assets Industry.”

About WadzPay:

WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.

For more information, visit

About VARA:

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit:

For any media enquiries please contact:

Arijit Das

PR and Communications Manager

+91 9654930523

A photo accompanying this announcement is available at

GlobeNewswire Distribution ID 9053953

Gov’t Signs 7 Agreements With Int’l Developers For Green Hydrogen,Renewable Energy Projects

Egyptian Prime Minister Dr. Mostafa Madbouly witnessed on Wednesday 28/2/2024 the signing ceremony of 7 cooperation agreements in the fields of green hydrogen and renewable energy.

A total of 7 international developers and a number of government agencies were attending the signing ceremony, including: the Sovereign Fund of Egypt; the General Authority for the Suez Canal Economic Zone; the New and Renewable Energy Authority; the Egyptian Electricity Transmission Company; in addition to the presence of Dr. Mohamed Shaker Al-Marqabi, the Minister of Electricity and Energy; Engineer Tarek El Molla, the Minister of Petroleum and Mineral Resources, and Dr. Hala Al-Saeed, the Minister of Planning and Economic Development, and lastly, the Chairman of the Board of Directors of the Sovereign Fund of Egypt.

The ceremony took place at the Government Headquarters in the New Administrative Capital.

On the sidelines of the signing, Dr. Hala Al-Saeed said that the signing of the memorandums of understanding today represen
ts “a new step for the Fund in the series of investment partnerships with major international companies to establish projects in the field of green hydrogen in the Suez Canal Economic Zone,” as the memorandums of understanding that were signed with 7 developers add expected investments, for the pilot phase, about $12 billion, in addition to about $29 billion for the first phase, bringing the total investments to about $40 billion within 10 years.

Al-Saeed explained that the Fund succeeded months ago in launching the first integrated green ammonia production plant in Africa and emerging markets in partnership with a number of international companies, noting that today’s signing marks the beginning of investment partnerships and new projects, all of which contribute to achieving the goals of the National Green Hydrogen Strategy.

The Minister of Planning added that the Sovereign Fund of Egypt seeks, in turn, to promote Egypt as a regional center for green energy, and this is reinforced by the serious approach
by the state and all its institutions to stimulate investment in this sector, which comes at the forefront of the targeted sectors within the framework of investment incentive packages launched by the state in the recent period, whether from through the decisions of the Supreme Council for Investment last May or through the decisions and legislation issued in this field.

For his part, Ayman Soliman, CEO of the Sovereign Fund of Egypt, said: ‘The Fund is receiving continuous and increasing interest from investors in green hydrogen projects, and today’s signing reflects the growing interest of companies in joining the Egyptian green hydrogen program, which reflects the country’s progress on the right path through establishing a clear program.’

Source: State Information Service Egypt

Jordan chairs 47th session of Council of Arab Youth and Sports Ministers, 2nd, final add

Amman: The Council decided to approve the holding of the Arab Youth Parliament Simulation Activity and the Arab Youth Salon Program, to celebrate Arab Youth Day on July 5th, to organize the Arab-Chinese Youth Development Forum, to hold the Coastal Environment Forum and the Role of Youth in Preserving It, to organize the Arab Excellence Award for Youth under the title of Food Security, and to organize the 6th Arab Scout Youth Meeting.

Based on the recommendations of the Technical Sports Committee, the Council decided to approve the holding of the Arab Sports Clubs Capacity Development Course, the Sports Legislation and Systems Course in Palestine, the Sports Commentator Competition in Iraq, the Arab Women’s Clubs Games in the UAE, the Embassies Football League, and the second edition of the Sports and Development Forum in Egypt, the first Arab Forum to Promote Civilized Encouragement in Football in Lebanon, and the Arab School Sports Festival in Algeria.

Al-Nabulsi participated in the “Differently Able” even
t held by the Egyptian Ministry of Youth and Sports, which was attended by Egyptian President Abdel Fattah El-Sisi and other Arab youth and sports ministers.

He also attended meetings of the Executive Office of the Council of Arab Youth and Sports Ministers and the Arab Fund for Youth and Sport Activities.

Source: Jordan News Agency

Jordan chairs 47th session of Council of Arab Youth and Sports Ministers, 1st add

_: The Saudi Minister of Sports, Prince Abdulaziz bin Turki Al Saud, also delivered a speech in which he praised the efforts made by the Arab Ministries of Youth and Sports in making the activities of the 46th session of the Council a success and what they included in terms of projects and work programs.

The Head of the Executive Office, Egypt’s Minister of Youth and Sports, Ashraf Sobhi, also delivered a speech in which he stressed the need to continue working to strengthen joint Arab action and empower Arab youth with the necessary skills.

The session included a presentation of the programs and activities that were implemented during 2023 and the approval of the programs submitted by the Ministries of Youth and Sports in the Arab countries to be implemented during 2024. The Council decided to approve Jordan’s hosting of the 19th meeting of the Youth of Arab Capitals under the title of Youth, Technology, and Artificial Intelligence and the Entrepreneurship Course in the Sports Field, and to hold workshops
to prepare the executive plan for the Arab Strategy for Youth, Security, and Peace.

The Council also decided to approve the organization of the “Our Arabism is Our Unity” youth exchange program, the organization of the Jerusalem Support Conference in Palestine, the organization of the 8th Arab-European Youth Forum and the Nile Ship Program for Arab Youth in Egypt, the organization of the Arab Talent Championship, and the Arab Youth Poet Festival in Iraq.

The Council also decided to approve the activities and programs of Tripoli, the Arab Youth Capital for 2024, the organization of the Arab Camping and Photographic Diving Forum in Tunisia, the organization of the Arab Forum for Empowerment in the Field of Environment in Lebanon, the organization of the Arab Youth Empowerment Program and the Holy Shrines Journey Program in Saudi Arabia, the organization of the Digital Citizenship and Youth Program, the establishment of an electronic youth portal, and a meeting on the mechanisms and prospects of Arab youth vol
unteering in Algeria.

Source: Jordan News Agency

Jordan chairs 47th session of Council of Arab Youth and Sports Ministers

Amman: Minister of Youth and Deputy Head of the Executive Office of the Council of Arab Youth and Sports Ministers, Mohammad Al-Nabulsi, chaired the 47th session of the Council of Arab Youth and Sports Ministers, which was held on Wednesday, at the headquarters of the Arab League in Cairo.

The meeting was attended by Secretary-General of the Arab League Ahmed Aboul Gheit, Assistant Secretary-General and Head of the Social Affairs Sector Haifa Abu Ghazaleh, and Arab Ministers of Youth and Sports.

The rotating presidency of the Council was transferred to the Hashemite Kingdom of Jordan from the Kingdom of Saudi Arabia, and will continue throughout 2024.

During the opening of the session, Al-Nabulsi lauded Saudi Arabia’s efforts during its presidency of the 46th session in implementing Arab sports and youth programs and activities, and following up on the work of the technical youth and sports committees supporting the Executive Office.

Al-Nabulsi commended Jordan’s role under the leadership of His Majesty K
ing Abdullah II and his brothers, the leaders and presidents of Arab countries, in supporting the Palestinian cause. He recalled the challenges facing Palestinian youth in participation and holding programs on their land, stressing the Arab youth’s commitment to the issues of their nation and their solidarity and support for their youth brothers in Palestine.

Al-Nabulsi said that during the 47th session efforts will be made to improve youth and sports activities through the supporting technical youth and sports committees, to follow up on the implementation of the youth programs presented by the Arab countries, and to follow up on the preparation of the executive plan for the Arab Strategy for Youth, Security, and Peace.

The opening activities included a speech by the Secretary-General of the Arab League, Ahmed Aboul Gheit, in which he stressed the League’s support for the plans and programs emanating from the Council of Arab Youth and Sports Ministers, in order to ensure the implementation of Arab youth pr
ograms that contribute to providing opportunities for the exchange of Arab youth experiences.

Source: Jordan News Agency

University of Jordan, RAK Medical and Health Sciences University sign MoU

Amman: President of the University of Jordan, Nizar Obeidat, and President of the

RAK Medical and Health Sciences University in the United Arab Emirates, Ismail Ibrahim Matalka, signed a memorandum of understanding (MoU) aimed at establishing direct relations to develop academic cooperation in multiple fields.

Under the MoU, cooperative activities will be developed in academic areas of common interest between the two universities, including the exchange of faculty members and researchers for teaching purposes, delivering lectures, conducting scientific research and exchanging expertise and students, conducting joint research projects, and jointly organizing seminars, workshops, and conferences. In addition, there will be an exchange of publications, books, periodicals, and scientific research results.

Obeidat stressed the University of Jordan’s keenness to develop and build partnerships and cooperation in all scientific and research fields with the University of Ras Al Khaimah for Medicine and Health Scien

Obeidat expressed the university’s readiness to cooperate with the University of Ras Al Khaimah for Medicine and Health Sciences in all fields, especially in the fields of student training, exchange of expertise, visits between faculty members, and conducting joint research projects in medical fields.

Source: Jordan News Agency

26 Israeli soldiers suffered injuries in combat in Gaza in past 24 hours – occupation army

Amman: The Israeli occupation army announced on Wednesday evening that 26 of its soldiers had suffered injuries in the Gaza Strip during the past 24 hours.

According to Israeli Channel 12, the occupation army reported that since the beginning of the Israeli war against the Gaza Strip, 3,007 personnel have been wounded within its ranks, with 468 officers and soldiers among the injured having very serious wounds.

Source: Jordan News Agency

Palestinian President, UNRWA’s Lazzarini talk support

Ramallah: Palestinian President Mahmoud Abbas and the Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), Philippe Lazzarini, Wednesday discussed ways to continue support.

discussed, at the presidential headquarters in the city of Ramallah, today, Wednesday,

In the meeting at the presidential HQ in Ramallah, Abbas rejected what he described as the Israeli-led campaign against UNRWA to “liquidate the Palestinian refugee issue.”

He talked about UNRWA’s role in providing services to Palestinian refugees according to United Nations resolutions, adding that the pertinent UN resolutions “must not be violated.”

He discussed the “importance of providing the “necessary” support for the agency to remain operational.

Source: Jordan News Agency

Gaza’s Kamal Adwan Hospital goes out of service-Director

Gaza: Director of the Kamal Adwan Hospital in Gaza, Hussam Abu Safiya, said on Wednesday that the hospital has gone out of service due to a lack of fuel.

He stated that the closure of the hospital in the northern Gaza Strip would deny people their right to receive medical care.

“Four hospitalized youngsters have passed away in the last few days from malnutrition and dehydration,” Abu Safiya added.

Source: Jordan News Agency

USAID director concludes visit to Jordan

Amman: Director of U.S. Agency for International Development (USAID), Samantha Power, on Wednesday concluded a two-day official visit to Jordan.

According to a statement released by USAID Office in Amman, Power’s visit coincides with the United State’s celebration of the 75th anniversary of its partnership with Jordan.

The statement added that Power valued positions of His Majesty King Abdullah II and the government and their great humanitarian efforts in Gaza Strip.

During Amman visit, Power discussed the United States’ continued efforts to deliver more life-saving aid to civilians in Gaza, the statement pointed out.

Power also visited a World Food Program warehouse in Amman and USAID-supported water infrastructure projects.

Meeting with a number of Jordanian officials, she affirmed USAID’s continued commitment to support the Jordanian government in its pursuit toimplement “key” development priorities, including water sustainability.

Source: Jordan News Agency

King: Aqaba reflects image of an ambitious Jordan

Aqaba: His Majesty King Abdullah II on Wednesday said Aqaba reflects the image of an ambitious Jordan, which is rooted in the Greater Arab Revolt’s principles of freedom, justice, and dignity.

According to a royal court statement, speaking at a meeting with local community leaders and figures in Aqaba at Aqaba Castle, His Majesty said developing the governorate was a dream and an idea 25 years ago, but has become a reality today with the efforts of dedicated Jordanians.

At the gathering, attended by Her Majesty Queen Rania Al Abdullah and His Royal Highness Crown Prince Al Hussein bin Abdullah II, the King said the source of Jordan’s strength lies in the joint efforts of all Jordanians and their belief in their ability to succeed.

Aqaba today has become a developed city and a source of economic and development strength for Jordan, His Majesty noted, adding that Aqaba has become a major city on the Red Sea coast.

For his part, Aqaba Governor Khaled Hajjaj said Jordan, which celebrates His Majesty’s Silver
Jubilee, has become an example of progress and prosperity, adding that Jordan’s great transition is a source of pride for all Jordanians.

He added that Aqaba is moving forward with implementing the Royal vision through programmes to promote youth empowerment and entrepreneurship, bolster the social safety net, and provide incentives to investors, in order to build on the governorate’s progress and contribute to the national economy.

Upon arrival at the Great Arab Revolt Square prior to the meeting, the King was welcomed by the Aqaba Marine Band for Popular Arts.

Earlier on Wednesday, His Majesty visited Sharif Hussein House Museum in Aqaba, which was implemented upon Royal directives to preserve the historic value of Sharif Hussein bin Ali’s house, built in 1917.

The King viewed exhibits at the museum, which highlight milestones in the Great Arab Revolt led by Sharif Hussein.

During the meeting with Aqaba figures, His Majesty bestowed the Silver Jubilee Medal on individuals and institutions in Aqaba, in
recognition of their contributions to serving Jordan, especially the local community in the governorate.

Source: Jordan News Agency