The Future Investment Initiative (FII) scheduled from October 29 to 31 in Riyadh will prioritize AI and technology, marking a shift from its traditional financial sector focus. Attendees from diverse industries highlight FII’s role as a key platform for advancing sustainable investments and facilitating major economic transactions. Despite geopolitical tensions, the initiative encourages collaboration aimed at fostering peace and prosperity globally.
The Future Investment Initiative (FII) will prioritize artificial intelligence (AI) and emerging technologies during its eighth conference scheduled for October 29-31 in Riyadh, as indicated by Richard Attias, CEO of the FII Institute. Recognized as “Davos in the Desert,” FII serves as a forum for global leaders, CEO’s, entrepreneurs, and policymakers to navigate the future of industries and governance. Historically focused on the financial sector, this year’s FII marks a transition, attracting an increasing number of participants from technology sectors, particularly AI, which has become pervasive across industries. Attias expressed enthusiasm about this shift, acknowledging how AI is influencing various fields from healthcare to entertainment. The FII seeks to bridge the gap between veteran executives and innovative young entrepreneurs, aspiring to create a platform that fosters inclusivity and dialogue. Despite initial skepticism when FII launched in 2017, it has successfully facilitated transactions worth $128 billion over the years, indicating its value beyond mere networking. The resilience and growth of FII, particularly post-COVID-19 lockdowns, illustrate the necessity of in-person interactions in fostering dialogue and deal-making among leaders. Attias attributed the event’s success to Saudi Arabia’s strategic geographical position, which enhances its appeal as a global hub for economic discussions and innovation. Attias noted FCII’s role in encouraging dialogue between global powers, particularly amidst complex political dynamics, and he emphasized Saudi Arabia’s commitment to economic diversification and investment in sustainable innovations aligned with its Vision 2030 goals. The forum’s global impact is evidenced by its diverse attendance, with representation from multiple continents and sectors. Sustainability is a focal point for FII, aiming to promote long-term investments in areas such as renewable energy and healthcare. Attias introduced an improved ESG (Environmental, Social, and Governance) framework that he believes could unlock substantial investments for developing regions, combating challenges like climate change. The initiative has also expanded globally, hosting satellite events in major cities, further enhancing its international relevance. Attias remarked on the unique position FII holds in addressing pressing global issues, while fostering optimism and actionable solutions among business leaders. Importantly, despite geopolitical conflicts in the region, the commitment of attendees to engage in constructive discourse underscores their belief in the potential of investment to foster stability and peace. Attias concluded by expressing confidence in humanity’s resilience and the importance of continued dialogue to build a sustainable future.
The Future Investment Initiative (FII), established in 2017, has emerged as a significant platform for global dialogue on economic evolution and innovation. The event has transitioned from a financial-centric focus to embracing technology and sustainability, reflecting broader industry trends and the urgent need for collaboration among diverse leaders. The FII has successfully facilitated vast economic transactions over the years, proving its worth as a facilitator of both discussions and financial agreements in the rapidly changing global landscape.
The Future Investment Initiative is at the forefront of addressing contemporary global challenges through collaboration, technological innovation, and investment in sustainable development. With a clear focus on bridging the traditional and modern economic sectors, FII catalyzes meaningful dialogues among diverse participants, promoting optimism and actionable solutions to enhance global stability. The conference not only champions economic diversification within Saudi Arabia but positions the Kingdom as a crucial player on the international stage.
Original Source: www.arabnews.com
