The Future Investment Initiative (FII) is set to hold its eighth conference in Riyadh, focusing on artificial intelligence and new technologies. This year’s event marks a notable shift towards tech-driven industries, reflecting broader global trends. The FII has facilitated significant investment deals, positioning Saudi Arabia as a central hub for global economic discussions and promoting sustainable investment frameworks in response to contemporary challenges, including climate change and economic uncertainty.
The Future Investment Initiative (FII) is poised to be a pivotal gathering as it embarks on its eighth conference in Riyadh from October 29 to 31, 2023. Focused primarily on artificial intelligence and new technologies, this year’s event signifies a substantial shift in its agenda, according to Richard Attias, the CEO of the FII Institute. The FII, often referred to as “Davos in the Desert,” serves as a platform for global leaders, entrepreneurs, and policymakers to converge and deliberate on the future trajectory of various industries and governance. Previously dominated by participants from the financial sector, the conference now increasingly attracts representatives from technology-driven industries, especially in light of AI’s far-reaching impact across sectors. “AI is now everywhere, disrupting almost all industries and sectors,” Attias emphasized during a recent interview. A salient aspect of this year’s conference is its emphasis on the integration of technology into economic discourses, a reflection of overarching global trends where sectors such as healthcare and entertainment are undergoing revolutionary transformations. Attias envisions the FII as an inclusive platform that acts as a bridge connecting traditional global CEOs with innovative entrepreneurs. Since its inception in 2017, the FII has exceeded initial skepticism and garnered credibility by facilitating deals worth approximately $128 billion over the years, thereby proving its significance beyond mere networking. Attias noted, “When people come back and come back every year, this is the answer. Because global CEOs don’t have time to lose. Time is money for them.” The FII’s success was also exemplified during the COVID-19 pandemic, as the need for in-person engagements reaffirmed its importance to global networking and discourse. Furthermore, Attias remarked on Saudi Arabia’s strategic position as a global hub that fosters critical discussions between major economic players worldwide, highlighting the Kingdom’s role in investing in varied sectors to achieve economic diversification. Attendees at this year’s conference are expected to include approximately 8,000 global leaders, with significant representation from the United States, Europe, and Asia. “It’s a real global conversation,” Attias described, affirming FII’s role in highlighting sustainable investments in renewable energy and other essential sectors. He introduced a new ESG framework aimed at promoting equitable investments that could unlock extensive funding for emerging regions. The FII also adheres to the urgent need for governance in addressing pressing global concerns such as climate change, inflation, and supply chains while promoting a message of optimism. “People need to talk, people need to be inspired, people want to exchange ideas,” Attias proclaimed, indicating a commitment to fostering collaboration and proactive initiatives to tackle today’s challenges. Despite the backdrop of geopolitical conflicts, attendees are encouraged to focus on the potential of investments to cultivate peace and resilience in society, suggesting that initiatives like FII can present pathways forward amidst adversity. In conclusion, the Future Investment Initiative remains at the forefront of fostering global dialogues and facilitating transformative investments. With a commitment to technological advancement and economic diversification, the event illustrates the resilience and adaptive capabilities of nations and businesses in an ever-evolving landscape.
The Future Investment Initiative was launched in 2017 to enhance global dialogue regarding investments and developmental initiatives. Known as “Davos in the Desert,” this platform attracts top executives, policymakers, and innovators to discuss pivotal issues affecting the global economy and industries. The FII has historically been dominated by participants from the financial sector, but recent shifts indicate a growing emphasis on technology-driven discussions, particularly as innovations such as artificial intelligence reshape various sectors. The 2023 conference aims to further explore these developments and showcase Saudi Arabia as an increasingly influential global hub in facilitating international business and investments.
The Future Investment Initiative is a significant platform for fostering dialogue on global economic transformation through technology and innovation. With a focus on sustainable investments and a diverse representation of global leaders, the FII aims to address pressing challenges while inspiring collaborative solutions. Its dedication to bridging traditional economies with emerging sectors reflects the evolving landscape of investment, highlighting the importance of resilience and adaptability in a changing world.
Original Source: www.arabnews.com
