13 June 2024
Rio de Janeiro—The third and final day of the FII PRIORITY Rio de Janeiro Summit concluded with pivotal discussions on global economic growth and sustainability. Organised by the FII Institute, the summit attracted nearly 1,500 global leaders, innovators, and entrepreneurs who participated in over 65 sessions. Delegates attended solution-focused conclaves, and observed FII Institute’s first Innovators Pitch, setting the stage for the final series at FII Institute’s 8th flagship Future Investment Initiative (FII) in October.
The day began with a fireside chat with His Excellency Geraldo Alckmin, Vice President of Brazil, who addressed foreign direct investment and the global energy transition. He remarked, “Brazil received the second-highest foreign investment in the world during 2023, trailing only the United States. Our recent tax reforms are expected to enhance this further,” he told the audience, setting a collaborative and forward-looking tone for the day.
Another highlight was the session titled ‘Message to the G20’, featuring a thought-provoking discussion with five former Latin American leaders, moderated by FII Institute CEO Richard Attias. H.E. Felipe Calderon, Former President of Mexico; H.E. Laura Chinchilla, Former President of Costa Rica; H.E. Alberto Fernández, Former President of Argentina; H.E. Jorge Quiroga, Former President of Bolivia; and H.E. Juan Manuel Santos, Former President of Colombia and Nobel Peace Prize Recipient, encouraged attendees to be the change they want to see in the world, emphasising the importance of collective effort in combating climate change and upholding the rule of law for a prosperous future for all.
Marcelo Claure of Claure Group and SHEIN emphasised the importance of equitable access to AI, noting, “AI is the great equaliser. We can bridge the divide between emerging and developed markets in education and healthcare.” Commenting on the future of AI and its integration within various industries, Claure added “with the internet, the cost of information went down to zero and disrupted the advertising business. Then, ecommerce disrupted the retail space. My vision of AI is that it will disrupt all, other untouched industries.”
In a session titled ‘Rulebreakers: What Global Megatrends Are Influencing the World’s Top Investors?’, Claure was joined by Sir Martin Sorrell of S4 Capital, who discussed the need for adaptation to technological advances, stating, “Henry Ford created the five-day working week. COVID-19 accelerated the shift to remote working. Now, technologies like AI and the Metaverse will push this evolution further.”
In keeping with Rio de Janeiro’s entrepreneurial spirit, the summit saw FII Institute’s first-ever Innovators Pitch Competition. Nine startups presented solutions to pressing global issues in AI & Robotics, Education, Healthcare, and Sustainability. Hera Health Solution emerged as the main winner, a startup focusing on an AI-enabled drug delivery platform, with Aravita securing the People’s Choice award. The startup offers an optimised fresh food ordering service with AI, reducing waste and stockouts to boost grocer profits.
Throughout the summit, FII Institute convened industry experts to address critical global issues in its conclave series, covering topics such as AI, ocean regeneration, energy transition, and ESG. Industry leaders advocated for a collaborative approach to sustainability, the deployment of AI in emerging markets, and ESG’s focus on climate resilience. Emphasis was placed on inclusive policies, targeted investment, and mentorship to empower entrepreneurs in developing regions.
With the closing of FII PRIORITY Rio de Janeiro Summit, FII Institute will now shift its focus to the forthcoming 8th FII in October, where the momentum generated in Rio will continue to drive impactful discussions and initiatives. The conference is slated for 29 to 31 October 2024, under the theme ‘Infinite Horizons’.
12 June 2024
Rio de Janeiro—The inaugural three-day Latin America FII PRIORITY Summit, powered by FII Institute, commenced on Tuesday at the Copacabana Palace Hotel in Rio de Janeiro. Convening global officials, along with business leaders from various sectors, the event will tackle pressing issues under the theme “Invest in Dignity.” The Summit welcomed over 1,500 delegates, who attended 66 sessions featuring more than 190 speakers.
The opening ceremony included remarks by the CEO of FII Institute, Richard Attias; His Excellency Yasir Al-Rumayyan, Governor of the Public Investment Fund, Chairman of Saudi ARAMCO, and Chairman of the Board of FII Institute; and the President of the Republic of Brazil, His Excellency Luiz Inácio Lula da Silva.
In his opening remarks, Attias said, “Today, we gather with a shared mission: to invest in dignity. Dignity is not just a concept; it is a fundamental human right that should be accessible to every individual, regardless of their background, economic status, or social standing.” He added, “In this room, we have the collective power to drive meaningful change. Our collaboration, innovation, and determination can transform lives and communities.”
A fireside chat with Al-Rumayyan highlighted the rising role of Brazil in global investment and economic growth. “There are 12,000 new start-ups, and 12 or 16 unicorns were created here. The potential in Brazil is really big,” he said. When asked about why FII Institute brought the summit to Rio, His Excellency said, “Why did we host the FII in Rio? The question is: Why not? This is one of the greatest cities not only in Brazil, but the world. At the same time, we will have the G20 and COP30.”
For his part, President Lula said, “We all want to make the world capable of welcoming all its inhabitants with dignity—and not just a privileged minority.” The President also highlighted Brazil’s evolving economic and investment landscapes, saying, “The choice to host FII in Rio shows that this is a sign of trust in our country from over 1,000 participants. I’m here to show that Brazil is worthy of this trust.”
The Summit’s flagship Board of Changemakers session featured several notable speakers, including H.R.H. Ambassador Reema Bandar Al-Saud, the Saudi Ambassador to the United States; Magda Chambriard of Petrobras; Marcelo Claure of Claure Group and SHEIN; Bernard Mensah of Bank of America and MLI; Secretary Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments; and Sir Martin Sorrell of S4 Capital Group.
During the session, Princess Reema stressed the importance of dignity as a collective responsibility, further underscoring the theme of the summit. She said, “We all have a responsibility for the way we speak, think, and engage with people. Dignity is an individual concept, but it is a collective responsibility.” For her part, Ms. Chambriard noted Brazil’s role in the broader global context in maintaining citizen dignity, saying, “The idea is to exercise the power of using all the Brazilian resources and investing based on the respect of the Brazilian society.”
Visionary Brazilian entrepreneur and media personality Luciano Huck and Cecilia Attias, who is Senior VP of Public Affairs and Board Member, RA&A, and Founder and President of the Cecilia Attias Foundation for Women, covered the intersection of media, politics, and responsibility towards both. During the Titan of Industry session, Huck stressed that “The privilege of speaking to 35 million people on global TV is the freedom of speech. I do not treat it as power, but a tremendous responsibility.”
Executives from Goldman Sachs, Franklin Templeton, Morgan Stanley, and Patria Investments set the tone for the rest of the day in a session tackling global market volatility and disruptions and the impact on investors. Exploring a range of approaches, from backing national champions to diversifying across asset classes, the discussion centred on ways to build resilient portfolios, with key insights shared by prominent industry leaders.
Among the notable announcements of the first day of FII PRIORITY Rio de Janeiro, Richard Attias, CEO of FII Institute, announced the Institute’s latest flagship initiative, FII Institute TV. Set to launch fully in the coming months, FII Institute TV is a 24/7 platform offering enhanced content curation, in-depth interviews with global leaders, and expert analysis.
Furthermore, FII Institute’s strategic partner, THIQAH, made a significant announcement for BRICS+ countries, launching their “Certificate of Origin” platform in Brazil in collaboration with CICIBAS. The platform enables exporters and manufacturers to issue and track the status of certificates of origin for manufactured products through a single electronic platform, contributing to a transformation in the commercial and industrial sectors.
11 June 2024
Rio de Janeiro— FII Institute is honoured to announce that Brazil’s President Luiz Inácio Lula da Silva will speak at the inaugural Latin America FII PRIORITY Summit in Rio de Janeiro on 12 June, marking a significant milestone for the summit.
President Lula, who will be joined by several high-ranking Brazilian and Latin American government officials, underscores the importance of FII PRIORITY Rio in addressing key global priorities and promoting investment opportunities. His attendance is a testament to Brazil’s integral role in shaping the future of global investment and sustainability.
“We are deeply honoured by President Lula’s decision to join us,” said Richard Attias, CEO of FII Institute. “As a global leader, his leadership and vision will greatly enrich our discussions and initiatives. The theme of our summit, ‘Invest in Dignity,’ was inspired by President Lula’s vision.”
The FII PRIORITY Rio de Janeiro Summit will take place at the Copacabana Palace from 11 to 13 June 2024, featuring a rich and diverse programme with world-renowned leaders and critical discussions on global issues.
For more information, please visit: https://fii-institute.org/Program-Rio. For media enquiries, please email: media@fii-institute.org and fii-institute@fsb.com.br.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm focused on impactful initiatives for humanity. Through its PRIORITY Summits, the institute brings together leading minds to foster innovation and sustainable solutions across the globe.
RIYADH: National Bank of Kuwait (NBK), the leading financial institution in Kuwait, and FII Institute, a global non-profit foundation dedicated to making an Impact on Humanity, marked a significant milestone today with the official announcement of their strategic partnership. The signing ceremony, held in Riyadh, brought together Anas AlUbaid, GM of NBK KSA; Musaad AlSudairy, CEO of NBK Wealth KSA; and Rakan Tarabzoni, COO of FII Institute, to set the stage for a transformative collaboration aimed at fostering growth and driving innovation in investment within the region and beyond.
Combining NBK’s legacy of financial excellence and FII Institute’s unwavering commitment to shaping the future through its impactful global initiatives, this partnership represents a powerful union of expertise and vision. With a shared dedication to driving positive change through the power of investment, NBK and FII Institute will join together to drive innovation.
This strategic partnership comes on the heels of the announcement of the 8th edition of the Future Investment Initiative (FII8) conference set for October 29-31 in Riyadh under the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.” It promises to convene today’s greatest minds to share their global perspectives, unlocking new frontiers for human advancement and impactful innovation. FII8 stands poised to transcend limitations and explore boundless opportunities for progress.
In statements echoing their enthusiasm for the partnership, the CEO of NBK Wealth KSA and the GM of NBK KSA expressed their confidence in the transformative impact that this collaboration will bring to the financial sector and beyond, Musaad AlSudairy, CEO of NBK Wealth KSA said, “We are thrilled to announce our collaboration with the FII Institute, a strategic alliance that will empower our clients globally and catalyze sustainable development. Together, we are not only investing in a brighter future but also unlocking new pathways for innovation, growth, and community prosperity. This partnership to address key global issues aligns perfectly with NBK’s commitment to creating meaningful impact. Collectively, we will explore actionable solutions of the future, reinforcing our shared dedication to a sustainable and prosperous future.”
Anas AlUbaid, GM of NBK KSA, underscored this sentiment by highlighting, “At NBK, we share the FII Institute’s dedication to addressing global challenges through collaboration and innovation. By aligning our efforts, we aim to leverage our combined expertise to generate insights and solutions that will drive sustainable growth and improve lives worldwide. This partnership represents a significant step towards creating a more resilient and equitable future, benefiting not only our clients but also the global community.”
Richard Attias, CEO of FII Institute, emphasized the importance of partnering with esteemed international institutions like the National Bank of Kuwait, known for its trusted seven-decade history and progressive approach to finance. He stated, “The deployment of strategic capital plays a crucial role in addressing the most pressing global challenges. Our collaboration with NBK represents a convergence of expertise and resources, advancing our collective mission to drive positive change and develop innovative solutions through our initiatives and programs.”
Media Inquiries
Please address any inquiries to: media@fii-institute.org
About FII Institute:
The Future Investment Initiative (FII) Institute is global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive, and driven by data: we foster great minds from around the world and turn ideas into real-world solutions and actions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
About the National Bank of Kuwait (NBK):
Established in the heart of Kuwait City in 1952, the National Bank of Kuwait S.A.K.P. (‘NBK’ or the ‘Bank’) stands as the cornerstone of the nation’s financial landscape. As the first shareholding company in Kuwait and the Gulf Cooperation Council (‘GCC’), NBK has been a steadfast pioneer, establishing itself as the country’s longest-serving local bank. With over 70 years of unwavering commitment, NBK has evolved into Kuwait’s preeminent financial institution, extending its influence far beyond national borders to captivate regional and global markets. Through a successful digital transformation journey, NBK has seamlessly blended tradition with innovation, earning acclaim and trust among stakeholders. Today, the Bank boasts a network of more than 140 branches spread across 13 countries, spanning 4 continents.
Established by a group of leading Kuwaiti merchants, NBK has retained its core shareholder base since inception. Its shares have been listed on the Kuwait Stock Exchange since 1984, with a single shareholder (the Public Institution for Social Security) owning more than 5% of the share capital (6.0% as of 31 December 2023). NBK’s market capitalization as of 31 December 2023 was USD 23.1 billion.
Renowned for its seasoned and stable management, NBK pursues a clear strategy aimed at strengthening its core business while expanding into new segments and markets. The Bank has consistently achieved remarkable profitability, resulting in robust shareholder returns. This success is underpinned by a portfolio of high-quality assets and a robust level of capitalization.
NBK prides itself in being a comprehensive financial partner, offering a diverse range of products and services. Catering to individuals, corporates, and financial institutions alike, NBK has solidified its position as Kuwait’s leading conventional banking Group in terms of assets, customer deposits, and customer loans and advances, all the while Empowering Tomorrow and Navigating a Digitized and Sustainable Future.
21st May 2024
São Paulo—The Future Investment Initiative (FII) Institute will host its first Latin American FII PRIORITY Summit in Rio de Janeiro from 11 to 13 June 2024 at the Copacabana Palace. Over three days, more than 150 notable speakers will participate in 44 sessions. Held under the theme “Invest in Dignity,” the summit will explore how investing in the ecological transition, technology and innovation, and social inclusion can build a new global order that prioritises dignity for all.
Key speakers include H.R.H. Princess Reema Bint Bandar Al Saud, Saudi Ambassador to the U.S., H.R.H. Prince Faisal Bin Bandar Al Saud, Chairman of the Saudi Esports Federation, H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of the FII Institute, Mike Pompeo, former U.S. Secretary of State, and former presidents Felipe Calderon (Mexico), Juan Manuel Santos (Colombia), Jorge Quiroga (Bolivia), and Laura Chinchilla (Costa Rica).
The summit will also feature—among others—industry leaders, investment experts, and government officials like H.E. Khalid bin Abdulaziz Al-Falih, Saudi Minister of Investment, Baroness Ariane de Rothschild, CEO of Edmond de Rothschild Holding, Hon. Gustavo Manrique, Former Foreign Minister and Former Environmental Minister of Ecuador, Sir Martin Sorrell, Executive Chairman of S4 Capital Group, André Esteves, Chairman of BTG Pactual, Marcelo Claure, Founder & CEO of Claure Group, Bernard Mensah, President of International at Bank of America, Aloizio Mercadante, President of BNDES, Eduardo Bartolomeo, CEO of Vale, and Julia Dias Leite, CEO of the Brazilian Center for International Relations (CEBRi).
The sessions will delve into issues surrounding climate action, BRICS, energy transition, sustainable development, entrepreneurship, and emerging technologies. Highlights include the “Board of Changemakers,” focused on growth opportunities and economic prosperity, “How Can Investors Navigate Dynamic Markets?” on investment strategies amid market volatility, and “The Future of Global Energy,” discussing emerging energy technologies and projects. Other topics will address global investment megatrends, fintech and traditional finance convergence, and leadership in the rise of the global south.
For media enquiries, please email: media@fii-institute.org and fii-institute@fsb.com.br.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm focused on impactful initiatives for humanity. Through its PRIORITY Summits, the institute brings together leading minds to foster innovation and sustainable solutions across the globe.
Riyadh, April …..—The Future Investment Initiative (FII) Institute is excited to announce the theme for its upcoming 8th edition of the FII conference, scheduled for October 29-31, 2024, at the prestigious King Abdulaziz International Conference Centre (KAICC) in Riyadh, Saudi Arabia.
Under the captivating theme ‘Infinite Horizons: Investing Today, Shaping Tomorrow,’ FII8 will ignite discussions on how investment can serve as a catalyst for a prosperous and sustainable future, pushing the boundaries of what is possible for humanity.
FII8 promises to be a melting pot of innovative ideas, bringing together global leaders , entrepreneurs, political leaders , media and decision-makers in finance, AI, sustainability, energy , geoeconomics, space and beyond. By focusing on the theme of ‘Infinite Horizons,’ this year’s conference will challenge attendees to think beyond conventional limits and explore investment opportunities that can bridge current challenges with future possibilities.
Richard Attias, CEO and board member of FII Institute, emphasized the significance of the theme, stating that “Infinite Horizons is not just a theme; it’s a clarion call to expand our collective vision and embrace the limitless prospects of the future. It embodies our commitment to driving conversations that lead to a future where investment knows no bounds and works towards a better tomorrow for all.”
FII8, organized by the FII Institute, founded by PIF, will be adopt an innovative format as an exclusive week for FII Institute members, invited delegates, and strategic partners. Discussions at the conference will be data-driven, ensuring that insights are grounded in facts and actionable strategies.
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
The Future Investment Initiative (FII) Institute is a global non-profit foundation dedicated to making an impact on humanity. Through our investment arm, we champion innovation in Artificial Intelligence (AI) & Robotics, Education, Healthcare, and Sustainability, transforming ideas into real-world solutions.
Riyadh — FII Institute is excited to announce its inaugural Latin American FII PRIORITY summit in Rio de Janeiro, Brazil. Themed ‘Invest in Dignity’, the summit is set to take place from 11 to 13 June 2024, at the Copacabana Palace in Rio de Janeiro. The summit is part of the FII PRIORITY programme, an annual series of summits, reports and initiatives designed to tackle the world’s biggest challenges and concerns.
FII PRIORITY Rio is set to be a pivotal platform for global leaders, government officials, investors, CEOs, entrepreneurs, and FII Institute members. Through their deliberations, delegates and speakers will tackle ways that ecological transition, technology and innovation, and social inclusion can build a new world order that prioritises dignity for all.
Richard Attias, CEO and board member of FII Institute, underscores the summit’s significance, stating, “countries such as Brazil, Mexico, Argentina, and Colombia are currently hotspots for start-ups, investment, and culture. As the upcoming host of the G20 Summit, Rio de Janeiro’s historical and present-day influence in finance, culture, and sport is being brought to the global stage. By convening some of the brightest minds across various sectors, our focus will be on responsible decision-making in investment and economic growth. This summit marks a pivotal moment in shaping a sustainable and technologically advanced future for all.”
A key objective of the summit is to connect Latin America with global investment markets. Latin America’s funding gaps in capital commitment to ideas, innovations, and technologies present significant opportunities for high-yield investments and remarkable growth. Brazil, with its strategic natural resources and economic leadership on the continent, is driving sustainable growth opportunities and leadership on critical climate action, both of which are high on the FII PRIORITY Rio agenda.
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
About the FII Institute:
The FII Institute is a global non-profit foundation focused on impactful solutions in AI and robotics, education, healthcare, and sustainability. With a data-driven approach combined with an innovative investment arm, the Institute has been at the forefront of fostering transformative changes and global collaboration.
Miami— Future Investment Initiative (FII) Institute’s FII PRIORITY investor summit concluded on Friday, having explored a range of issues of global significance. The summit, entitled ‘On the Edge of a New Frontier,’ reflects the profound changes the world is experiencing as technology transforms society and economies.
Investors from the U.S. and around the world gathered with CEOs of major global corporations and policy experts to seek practical impactful solutions to issues such as the regulation of AI.
In his closing remarks, Richard Attias, CEO of FII Institute, said: “The time for action is now. More than 1000 leaders from finance, business and government attended this week’s summit in Miami, and all agreed that the world faces urgent challenges. Foremost amongst these challenges is the need for concerted, coordinated action, involving not just national governments but international organizations. That’s why summits such as this are so important as humankind grapples with huge issues that span borders, cultures, and will impact the generations to come.”
The second day featured a special breakfast session on how the 2024 U.S. election will impact the global economy. Joining Matteo Renzi, Senator of the Italian Republic and Former Prime Minister, were Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman, lImpact Investments; Patrick Zhong, M31 Capital; Magda Wierzycka, Sygnia Ltd; Henadi Al Saleh, Agility; Macelo Claure, Claure Group; and Don Peebles, The Peebles Corporation. The session, moderated by Shannon K. O’Neil, Council on Foreign Relations, also covered the intersection of geopolitics and investment, noting the interconnectedness of both and their ability to impact the global outlook on economy and international cooperation.
In a candid, cross-generational discussion about the future of business, David M. Rubenstein, Co-Founder & Co-Chairman of Carlyle, and daughter Gabrielle Rubenstein, Co-Founder & Managing Partner of Manna Tree, shared their insights on several issues. The conversation underscored the evolving landscape of investment, highlighting the robust nature of private equity, and the importance of experiential branding.
With new technology reshaping the nexus between business and security, Cecilia Attias, Senior Vice-President of Public Affairs at RA&A, and Founder & President of Cecilia Attias Foundation for Women, discussed how to harness technology for security and stability with Palantir Co-Founder Dr. Alex Karp. The conversation covered the relationship between technology and ethics, highlighting the pivotal role of software in shaping society, and called for a balanced approach to privacy and security.
In keeping with Miami’s DNA, the summit also featured a number of panels dedicated to entertainment and sport, with actors Gwyneth Paltrow and Rob Lowe participating in the summit. Lowe, who is President of Lowe Profile Productions, and Co-Founder, Chairman & CEO Of Eldridge Industries Todd Boehly, engaged in a conversation about technology and the future of film and TV. Lowe noted that “consolidation is coming, and perhaps even bundling, but the important thing will always be the creatives. We’ve been telling stories since we sat by the campfire and we’ll be telling them when we’re orbiting the Earth.”
FII PRIORITY Miami also hosted a sports-focussed summit, which featured a session on the impact of the influx in new funding streams and how they redefine the entire sports ecosystem. Speakers in the session included Gerry Cardinale, Founder, Managing Partner & CIO at RedBird Capital Partners, former football star Larry Fitzgerald, Jr., Co-Founder of Trenches Capital, Sam Kennedy President & CEO Fenway Sports Group, owner of the Miami Dolphins and Chairman & Founder of The Related Companies Stephen Ross.
FII PRIORITY Summit Miami continues conversations held in Hong Kong and Riyadh in fall (autumn) 2023. It is part of an ongoing global programme of summits held throughout the year, with summits coming up in Rio de Janeiro in June and Riyadh in October.
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023. It is part of an ongoing global program of summits held throughout the year, with upcoming summits in Rio de Janeiro in June and Asia later in the year.
Miami, FL – Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami’s Faena Forum.
The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI. This year’s theme, ‘On the Edge of a New Frontier, reflects the profound changes the world is experiencing as technology transforms society and economies.
Richard Attias, CEO of FII Institute, said,“Today’s conversations reflected a sense of urgency as the world grapples with what to do about AI, political uncertainty, and changes in the shape of the global economy. And we bring these conversations to Miami—the new America—so we can chart a steadfast course towards a prosperous future, fully equipped with the insights and knowledge we need, harnessing the power of collective work and thought.”
In his opening conversation, H.E. Yasir Al-Rumayyan, Public Investment Fund Governor and Future Investment Initiative (FII) Institute Chairman, underscored the role of AI and its key contribution to future economies, saying “Al is coming in a big way! The impact will be very positive as soon as we have regulations in place to monitor, control, and enable this technology. AI could increase global GDP by 14%.”
Michael Dell, Chairman and CEO of Dell Technologies, addressed the issue of AI regulation, and how CEOs can innovate through periods of extreme volatility and pivot towards future trends, adding “regulations will struggle to match the rapid pace of technological change and may be outdated within a year. We have to ensure that emerging technologies reflect humanity and our system of values and beliefs.”
The summit’s much anticipated roundtable of global CEOs, entitled the “Board of Changemakers,” discussed trends and economic outlook. Participating in this year’s roundtable were Pamela Liebman, President and CEO of The Corcoran Group; Pierre Beaudion, Chairman of the Board of Bombardier Inc; Jenny Johnson, President and CEO of Franklin Templeton; Marcello Claure, Founder and CEO of Claure Group; and Stephen A. Schwarzman, Co-Founder, Chairman & CEO of The Blackstone Group. The session underscored the impact of digitalization, particularly blockchain and AI, on future investments, advocating for regulation and ethical usage. The members of the board also highlighted AI’s massive role in increasing efficiency and how AI can be harnessed to resolve climate change issues.
Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments, addressed the economic consequences of conflict, saying: “in the economic sphere, the connectivity between the things happening geopolitically is now ever more closely tied to thinking about investments and capital flows. It is impossible to separate geopolitical risk from capital allocation.”
Conclave sessions were held for select senior participants to delve into the concerns relevant to their sectors with full transparency. For example, the conclave on AI convened many leading figures involved in the development of technologies, governance of AI, technology investment, and regulation, with a number of global initiatives on AI regulation presented
A special address by former Treasury Secretary Dr. Lawrence H. Summers, Charles W. Eliot University Professor & President Emeritus at Harvard University, and board member at OpenAI, highlighted economic and political contexts, including prospects for soft or hard economic landing, and likely outcomes of the US election. Dr. Summers was joined by Eric Schmidt, co-founder of Schmidt Fututes, who noted that AI is likely to double everyone’s productivity, underscoring the importance of AI regulation, he added “there are questions about what happens when computers start to make decisions.”
FII Institute’s Founding Partner is the Public Investment Fund of Saudi Arabia, which, alongside the Vision Partner, the Ministry of Investment of Saudi Arabia, and 26 international strategic partners are actively involved in the ongoing work of the institute. The FII Institute welcomed two new strategic partners at the summit: ACWA Power and Franklin Templeton. Speakers from strategic partners Franklin Templeton, GFH, HSBC, NEOM, ROSHN, Sanabil, Softbank, and State Street shared updates on their international projects relevant to the themes of the summit.
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023. It is part of an ongoing global program of summits held throughout the year, with upcoming summits in Rio de Janeiro in June and Asia later in the year.
Riyadh: In a signing ceremony that took place today at the FII PRIORITY summit in Miami, ACWA Power announced its strategic partnership with the Future Investment Initiative (FII) Institute. This collaboration underscores the commitments of both organizations to sustainability and fostering sustainable investments aligned with global climate ambitions.
ACWA Power is the world’s largest private water desalination company, a first mover into green hydrogen and a leader in energy transition. Its partnership with FII Institute, the global non-profit organization that catalyzes sustainable and inclusive investments, is dedicated to advancing strategic initiatives that foster sustainable development around the world. This collaboration aims to harness their complementary strengths, focused on thought leadership in the fields of innovation, green technologies, and renewable energy.
Expressing his enthusiasm for the partnership, Marco Arcelli, CEO of ACWA Power, commented, “As a leader in green energy, water and hydrogen, ACWA Power is committed to driving the energy transition across the world. The signing today cements our strong relationship with the FII Institute and signifies a bold leap towards achieving our shared goal to tackle climate change.”
CEO of FII Institute, Richard Attias, celebrated the partnership, stating, “This moment heralds an era of purpose-driven collaboration. ACWA Power and FII Institute share a common vision to unlock sustainable opportunities that drive a positive Impact on Humanity and the environment by finding solutions to the world’s most pressing issues at this pivotal moment in the global energy transition.”
The strategic partnership between ACWA Power and FII Institute is poised to inspire a new wave of sustainable investments in the energy sector by fostering an inclusive global energy landscape that prioritizes sustainability, innovation, and long-term value creation for stakeholders.
The FII PRIORITY Miami summit is taking place in Miami, Florida, USA February 22-23, 2024, convening global leaders and decision makers to discuss the most critical issues facing humanity today. Under the theme, “On the Edge of a New Frontier,” the summit showcases disruptive technologies including green tech, connects ideas to investments, and helps changemakers accelerate innovation.
Media Inquiries
Please address any inquiries to: media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is global non-profit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive, and driven by data: we foster great minds from around the world and turn ideas into real-world solutions and actions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
About ACWA Power
ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 12 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 81 projects in operation, advanced development, or construction with an investment value of SAR 318 billion (USD 84.7 billion), and the capacity to generate 55.1 GW of power and manage 7.64 million m3/day of desalinated water per day, delivered on a bulk basis to address the needs of state utilities and industries on long term, off-taker contracts under utility services outsourcing and Public-Private-Partnership models.
