Central Asia tipped to be Hong Kong’s next logistics hub: Airport Authority head

AI Summary

Central Asia is emerging as a potential logistics hub for Hong Kong amid ongoing conflicts in the Middle East and Europe, with cargo volumes between Hong Kong and two Central Asian countries surging nearly fivefold year on year. Passenger traffic at Hong Kong airport is expected to recover to near pre-COVID levels, reaching 70 million this year.

Central Asia can become a strategic logistics hub for Hong Kong as wars in the Middle East and Europe persist, with cargo volume between the city and two countries in the region surging nearly fivefold year on year, the Airport Authority chairman has said. Fred Lam Tin-fuk, who joined a recent trip with Chief Executive John Lee Ka-chiu to Central Asia, also said on Sunday that passenger traffic at Hong Kong airport could reach 70 million this year, recovering to nearly pre-Covid levels. “Central...