The second Future Investment Initiative (FII) will take place in Riyadh in October, following the victory of the inaugural occasion which observed the introduction of Saudi Arabia’s $500 billion Neom City project.
Arranged by the Public Investment Fund (PIF), the occasion will occur from October 23-25 in the Saudi capital and will get together “renowned visionaries with the power to shape the future of global investment”.
They will talk on three themes – Technology as Opportunity; Investing in Transformation; and Advancing Human Potential, a statement stated.
FII was introduced previous year as an international platform for expert-led debate between innovators, investors and governments as well as economic leaders.
The inaugural event in 2017 saw about 3,800 participants from more than 90 countries, appear at the discussions and debates to find future developments in the world economy, including investment trends around areas like energy, artificial intelligence, infrastructure and robotics as well as new expansion regions.
The second edition focuses to proceed development active, global networks of influential actors to more explore the developing industries that will tune the global economy and investment environment in the coming decades, the statement mentioned.
Managing director of PIF, Yasir Al Rumayyan, stated, “After the success of the inaugural event, we are pleased to announce the 2018 edition of the Future Investment Initiative.”
He also said, “The Public Investment Fund is developing into one of the world’s leading and most impactful sovereign wealth funds, and we look forward continuing to build strong strategic partnerships while also showcasing the opportunity for private sector participation as Saudi Arabia’s economy continues to expand and diversify.”
Previous year’s FII observed the introduction of the Public Investment Fund Program (2018-2020), one of 12 Vision 2030 Vision Realization Programs, which will act as a roadmap to assist in driving the economic diversification in the kingdom and change Saudi Arabia into a global investment powerhouse.
Additionally, an expo opened following the introduction of Neom by Prince Mohammad bin Salman Al-Saud, Crown Prince, Deputy Prime Minister, chairman of the Council of Economic and Development Affairs and of PIF.
The 2017 edition also observed future initiatives reported with Blackstone, The Spaceship Company, SoftBank, Virgin Galactic and Virgin Orbit.
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