The Future Investment Initiative (FII) will hold its eighth conference in Riyadh from October 29 to 31, focusing on artificial intelligence and new technologies. Richard Attias, CEO of the FII Institute, emphasized the evolving nature of the conference, which now attracts a diverse array of participants from the tech industry. The FII aims to foster collaboration and address important global issues, particularly around sustainable investments, while affirming Saudi Arabia’s role as a key economic hub.
The Future Investment Initiative (FII), often referred to as ‘Davos in the Desert’, is set to convene its eighth annual conference in Riyadh, Saudi Arabia, from October 29 to 31. This year, the conference will prioritize artificial intelligence (AI) and emerging technologies, marking a significant pivot from its traditional focus predominantly on the financial sector. Richard Attias, CEO of the FII Institute, has expressed excitement over the increasing participation from tech sectors, particularly those related to AI, which he notes is now ubiquitous and disruptive across various industries. The FII serves as a pivotal platform where global leaders, CEOs, entrepreneurs, and policymakers converge to discuss and shape the future of diverse sectors, embracing technological innovations that are transforming global industries, ranging from healthcare to entertainment. Attias elaborated on the evolution of the FII since its inception in 2017, emphasizing its success in establishing itself as a key forum for business and political engagement. He highlighted that the conference has facilitated significant deals amounting to $128 billion over the past seven years, dispelling initial skepticism regarding the need for another such forum. Attendees consistently return, drawn by the quality of content and the opportunities for actionable collaboration. Further emphasizing the value of in-person interactions post-COVID-19, Attias noted the importance of direct engagement for fostering effective discussions. He positioned Saudi Arabia as a global hub, bridging economic powers and facilitating critical conversations, especially given its strategic geographic location. Additionally, Attias praised Saudi Arabia’s Vision 2030 initiative, depicting the Kingdom’s ambitious transformation from an oil-reliant economy to a diverse economic landscape. This transformation makes the FII forum a significant contributor to discussions on various emerging sectors that support economic diversification. With nearly 8,000 global leaders expected to attend this year’s conference, representing a diverse array of industries and regions, the FII aims to foster rich, multifaceted dialogues on pressing global issues, particularly sustainable investments across renewable energy, healthcare, and housing. Attias introduced a new ESG framework, calling it ESG 2.0, designed to encourage more equitable global investments, particularly in developing regions. Finally, Attias reflected on the FII’s commitment to optimism, even amidst ongoing global conflicts. He believes that investment and cooperation are crucial pathways toward stability and prosperity, encouraging the private sector to maintain its role in supporting broader societal welfare. He remains confident that through continued dialogue and collaboration, humanity can navigate its challenges and work towards a sustainable future.
The Future Investment Initiative (FII) is an annual conference established in 2017 in Saudi Arabia aimed at connecting leaders across finance, business, and emerging technologies to discuss the future of various industries. The conference, dubbed ‘Davos in the Desert’, seeks to facilitate large-scale investments, foster global collaborations, and address significant economic and social challenges through dialogue and networking. This year’s theme emphasizes the role of AI and technology in shaping industries, reflecting broader global trends toward digitization and innovation. The FII has garnered attention for its significant contributions in deal-making and for positioning Saudi Arabia as a central hub of economic discussions on a global scale.
In summary, the upcoming Future Investment Initiative in Riyadh underscores a pivotal shift towards technology and innovation within its forum. With a focus on AI and sustainable investments, the conference aims to harness the expertise of global leaders while fostering impactful discussions that can shape the future of economic diversification in Saudi Arabia and beyond. Richard Attias’s leadership and vision for an inclusive platform highlight the importance of collaboration in addressing pressing global challenges, embodying optimism and resilience in the face of uncertainty.
Original Source: www.arabnews.com
