A group of global institutions launched a $1 billion hospitality platform to develop 50 hotels across Saudi Arabia to support business tourism and economic diversification at the FII PRIORITY Miami 2026 Summit, organized by Future Investment Initiative Foundation with the participation of world leaders, investors and policymakers.
A group of global institutions launched a $1 billion hospitality platform to develop 50 hotels across the Kingdom of Saudi Arabia to support business tourism and economic diversification, as part of the FII PRIORITY Miami 2026 Summit.
During the summit, which kicked off on Friday under the theme "The Movement of Capital," Future Investment Initiative Executive Committee Chair and CEO-designate Richard Attias emphasized the need for dialogue and collective action, stressing that such gatherings are imperative; that progress does not happen in isolation, but when people come together, ideas converge, visions are shared, and leaders choose to engage and interact.<He emphasized the role of the Foundation as a platform for action and not just discussion, adding that the FII Foundation is a platform where ideas move, capital converges, and decisions are made. H.E. Mr. Yasser bin Othman Al-Rumayyan, Governor of the Public Investment Fund and Chairman of the Future Investment Initiative Foundation, said: ”Saudi Arabia's microeconomic and financial position remains strong, stable and resilient, we are long-term investors, we do not measure our returns in quarters, but in decades, and PIF remains committed to its investments around the world.“
The Changemakers” Council keynote session focused on the role of long-term thinking in shaping the geopolitical economy, with speakers emphasizing that transformational investments often require generational, not quarterly, patience, maintaining confidence during periods of volatility.
The Future of Technology and Human Development
In discussions on artificial intelligence and hyperscale partnerships, speakers touched on the growing role of sovereign capital in shaping the future of technology and human development. A series of closed-door, invitation-only meetings brought together senior leaders to address structural shifts in the global economy, including: Carbon Accounting and Aviation, to explore how capital can support decarbonization efforts while sustaining growth.
These discussions cemented FFI's role as a trusted platform that brings together stakeholders and translates the dialogue into actionable investment strategies.
Deal Making and Partnership Announcements
The first day saw deal-making activity and announcements that proved capital is indeed moving at scale. HUMAIN and Turing announced a partnership to build a global marketplace for AI agents, accelerating the adoption of advanced AI systems by enterprises.<The Patel Family Office and AHQ Group launched a $1 billion hospitality platform to develop 50 hotels across Saudi Arabia to support business tourism and economic diversification, and Saudi Eksab and BTG Pactual Bank signed a framework agreement to create a Latin America-focused alternative investment platform.<Richard Attias, Chairman of the Executive Committee and Acting CEO of the Future Investment Initiative Foundation, announced plans to launch the highly anticipated Capital Movement Index, to be unveiled at FII10 in October 2026, which will track how capital flows across geographies and sectors.Future Investment Initiative Executive Committee Chairman and CEO-designate Richard Attias set the tone by emphasizing the need for dialogue and collective action, stressing that gatherings like this are imperative; that progress does not happen in isolation, but when people come together, ideas converge, visions are shared, and leaders choose to engage and interact.
Richard Attias set the tone for the discussions by emphasizing the need for dialogue and collective action.
