Financial Secretary Paul Chan said it is a testament to Hong Kong being an international financial hub that the Saudi Arabian organisation FII Institute chose the SAR to host its first summit in Asia.
As the two-day event drew to a close on Friday, the finance chief told RTHK on the sidelines of the meeting that he was "very happy" about it.
"It is, number one, a recognition of Hong Kong being the international hub, the leading international financial and business hub in this part of the world. And secondly, this is only the beginning. They will come again next year and in future years," Chan said.
"This is also very important in the overall scheme of things, in the sense that after Covid, Hong Kong now completely comes back."
The finance minister added that there is great potential for the SAR to work with the Middle East in green tech, because Hong Kong is a leading green finance centre.
Chan noted that Hong Kong can also provide professional services to the Middle East, which is looking to making massive infrastructure investments.