The eighth Future Investment Initiative conference will take place in Riyadh from October 29 to 31, focusing on artificial intelligence and new technologies. Richard Attias, CEO of the FII Institute, highlighted the shift from financial sector dominance to a broader representation of tech industries. The FII has facilitated substantial investments and promotes global dialogues on sustainability and innovation, aiming to foster partnerships to address pressing global challenges.
From October 29 to 31, Riyadh will host the eighth annual Future Investment Initiative (FII) conference, with a focus on artificial intelligence (AI) and new technologies, according to Richard Attias, CEO of the FII Institute. This conference, often referred to as “Davos in the Desert,” serves as a platform bringing together global leaders, executives, entrepreneurs, and policymakers to discuss the future of various industries, governance, and society as a whole. Originally, the FII primarily attracted participants from the finance sector, but Attias noted a notable shift towards the inclusion of technology firms, particularly in AI, which is now prevalent across multiple sectors. Attias remarked on this evolution, emphasizing that AI is a powerful force affecting industries globally. FII seeks to foster collaboration between tech innovators and established leaders. Attias expressed his desire for the initiative to be an inclusive bridge between traditional economies and dynamic young entrepreneurs. Since its inception in 2017, the FII has successfully facilitated investments totaling approximately $128 billion, which speaks to its value beyond mere networking opportunities. The success of the FII is also highlighted by its resilience during the COVID-19 pandemic. Attias pointed out that in-person interactions remain essential and attendees have returned in greater numbers since the pandemic. The choice of Saudi Arabia as the host nation is seen as advantageous due to its strategic location, facilitating interactions among key global economic players. Attias reiterated that the FII continues to play a vital role in promoting dialogue between major powers and emphasized the Kingdom’s commitment to diversifying its economy away from oil dependency through initiatives like Vision 2030. As an international platform, the FII draws participation from a diverse array of attendees, ensuring rich discussions that encompass various perspectives. Among the pressing topics of discussion at this year’s conference will be sustainable investments, with a focus on environmental, social, and governance (ESG) frameworks aimed at enhancing global development, particularly in regions such as Asia and Africa. Attias highlighted the significance of fostering collaboration among leaders to tackle ongoing global challenges, focusing not only on economic concerns but also on the promotion of optimism and actionable solutions for a sustainable future.
The Future Investment Initiative is an annual conference hosted in Saudi Arabia designed to unite key players in various sectors, with an evolving focus on technology and sustainability. Historically attracting financial sector leaders, the conference is adapting to changes in the global business landscape, positioning itself as a crucial platform for discussions on contemporary economic and technological issues amidst the backdrop of evolving geopolitical dynamics. The significance of the FII has grown alongside its ability to facilitate multi-billion dollar investments and encourage dialogue on pressing global matters, particularly in light of the ongoing transformations within Saudi Arabia as it seeks to diversify its economy predicated on the Vision 2030 initiative.
The Future Investment Initiative conference in Riyadh represents a significant convergence of global minds focusing on technological advancements, especially in the realm of artificial intelligence, and sustainable investment strategies. With a diverse and international attendee list, the FII not only offers a platform for impactful discussions but also aims to cultivate partnerships that address critical global challenges while promoting economic diversification and resilience in the face of adversity.
Original Source: www.arabnews.com
