Under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Future Investment Initiative (FII) Conference kicked off today under the theme "Endless Horizon. Investing today to shape tomorrow," at the King Abdulaziz International Convention Center in Riyadh.
Richard Attias, CEO of Future Investment Initiative , welcomed at the beginning of the conference their Highnesses and Excellencies the attendees and participants of the eighth session of the initiative, extending his thanks and appreciation to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, for his great vision, addressing the previous editions of the Future Investment Initiative conference and its achievements that contribute to development and growth.
Richard Attias, CEO of the Foundation for the Future Investment Initiative, welcomed the participants to the eighth edition of the Future Investment Initiative conference. He explained that the participants in this and previous editions have an important and effective role in making FII editions more impactful to achieve the goals of the conference and realize a more inclusive and sustainable world that provides opportunities for all."
Ritt expressed his appreciation for the great vision of the UAE President. Richard Attias expressed his ambition for the eighth edition of the FII Conference to become more influential to build a better future for all, and looked forward to meeting everyone at the ninth edition of the initiative.
For his part, H.E. Mr. Richard Attias said The Governor of the Public Investment Fund, Chairman of the Board of Directors of Saudi Aramco and Chairman of the Future Investment Initiative Foundation, Mr. Yasser bin Othman Al-Rumayyan, explained that the initiative has become a transformative force for action, progress and solutions, and has facilitated more than $125 billion worth of deals, adding that the Future Investment Initiative Priority Index launched this week highlights pressing global issues such as economic instability, high cost of living, health care disparity, social inequality and political tension, all of which extend across borders.
He explained that the theme of the conference is the Future Investment Initiative (FII), and that the theme of the conference is "The Future Investment Initiative”. This year's theme embodies endless possibilities for investing and shaping the future, focusing on long-term sustainable investments that address global challenges, foster innovation and provide lasting impact, prioritizing sectors that are driving transformation, from next-generation technologies and healthcare innovations to engaging youth in sports.
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His Excellency said:” Economic, social and environmental outcomes are interconnected, and these must be at the heart of decision-making. The world is rich with untapped potential and emerging markets are examples of long-term investments. The growth of emerging market economies is expected to outpace that of developed markets, emphasizing the need for strategic investments in the places that will lead the global economy in the future."
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The Kingdom's unique resources and strategic geographical location have led it to invest in vital areas such as energy, infrastructure and technology, adding that artificial intelligence could add $20 trillion to the global economy by 2030, transforming industries, boosting productivity and addressing critical challenges.
He highlighted the importance of the role of artificial intelligence. By 2027, the role of AI will become a normative economic driver of national power, able to solve issues and drive productivity that will impact every sector from healthcare to energy.
He highlighted the importance of the role of AI, noting that AI could add $1 trillion to the global economy by 2030 transforming industries, boosting productivity and addressing critical challenges.
He added that the energy sector embodies a transformative force, noting that major energy players have invested more than $65 billion in low-carbon technologies since 2017, noting that the transition to a zero-neutral economy requires long-term investment committed to ensuring a just energy transition, balancing current energy needs with a vision for a sustainable future, adding that the goal is not only to fuel economies, but to enable a future that supports energy and wealth for future generations.
He expressed his hope that the results of the eighth edition of the conference will be a platform for influence and impact, providing a new standard for financial returns and human progress, transforming today's challenges into tomorrow's opportunities, and building a vibrant future for the global economy and all of humanity.
Future Investment Initiative Foundation is committed to inclusiveness.
