LettersHow Hong Kong can attract talent and capital from the Middle East
Readers discuss the opportunity for the city created by the Iran war, the proposal to allow taxis into Discovery Bay, and a planned pig farm in Sheung Shui
The Middle East’s recalibration has created a vacuum. Talented workers in hi‑tech industries and banking – sectors critical to Hong Kong’s competitiveness – are increasingly mobile and seeking new bases. For Hong Kong, this is not just a chance to attract talent. It is an opportunity to redefine itself as Asia’s premier hub for innovation and finance. Speed is essential as global talent flows do not wait for indecision.
To truly become expat-friendly, the city must strengthen its multicultural features. International students and expats expect inclusivity and convenience. Expanding halal and kosher food options, ensuring mosques and other religious facilities are accessible and broadening international schooling would send a strong signal of welcome. These would help make Hong Kong a place where global talent can thrive.
At the same time, geopolitical instability in the Middle East is prompting some ultra-high-net-worth families to reconsider their base of operations. Family offices in the Gulf are likely to be seeking safer, more predictable jurisdictions. Hong Kong’s stability, robust financial infrastructure and new tax incentives make it a natural choice. If positioned correctly, the city could attract both talent and capital as Gulf families establish Hong Kong as their new “home” for wealth management.
The urgency cannot be overstated. Singapore has already showed its agility in attracting both professionals and family offices, and it will not hesitate to act again. Hong Kong must move decisively by aligning policy, education and cultural infrastructure to capture the talent and capital now in motion. Safety is our foundation, but opportunity is our future. If we act now, Hong Kong can transform this moment into lasting advantage.