Saudi Arabia’s FII brings together global leaders to address economic trends

By Rahul Vaimal, Associate Editor
FII
Representational Image

The fourth edition of Saudi Arabia’s annual investment forum Future Investment Initiative (FII) will be held under the theme ‘The Neo-Renaissance’ by bringing together over 140 global leaders from the finance, technology and government sectors.

The event, organized by the Future Investment Initiative Institute on January 27 and 28, will bring tech pioneers, investors and policymakers to rethink the global economy amid the pandemic.

The forum will be addressed in-person by 60 speakers in Riyadh, while more than 80 will participate virtually from hubs in New York, Paris, Beijing and Mumbai, the FII Institute said in a statement.

The event which was initially scheduled in October, will be opened by Yasir Al-Rumayyan, chairman of the FII Institute and governor of the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF).

Mr. Al Rumayyan will be joined by David Solomon (chairman and CEO of Goldman Sachs Group), Thomas Gottstein (CEO of Credit Suisse), Ray Dalio (co-chairman of Bridgewater Associates and Marco Alvarez) to discuss the investment community’s response towards the global economic condition and the strategies to build sustainable future.

The strategies needed to guide investment into the energy sector will be put into discussion by Prince Abdulaziz bin Salman (Saudi Arabia’s Minister of energy), Mukesh Ambani (chairman of Reliance Industries), Patrick Pouyanne (chairman and CEO of Total) and Dr. Sultan Al Jaber (UAE’s Minister of industry and advanced technology and group CEO of ADNOC).

Further, Gerry Grimstone (the UK’s Minister of trade), Eric Cantor (vice chairman of investment bank Moelis & Co), Sultan Bin Sulayem (group chairman and CEO of Dubai porters operator DP World), Khalid Al Falih (Saudi Arabia’s Minister of investment) and Rania Al-Mashat (Egypt’s Minister of international cooperation) will debate policies to strengthen investment and trade partnerships amid changing geopolitical realities.

This edition of FII has identified sustainable investment, global economic growth and the future of healthcare, digitization, education and culture as priority topics of the conference. The speakers will address issues including the rebirth of SMEs and rectifying gender inequalities.

Saudi Arabia, the Arab World’s biggest economy, signed investment deals worth $20 billion at the 2019 summit, including a $5 billion agreement between the Saudi Real Estate Company and US mall operator Triple 5 to develop the world’s largest shopping and entertainment complex in Riyadh.

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