Miami, FL, February 12, 2025 – The Future Investment Initiative (FII) Institute proudly welcomes Guggenheim Investments as a Summit Partner for the FII PRIORITY Summit, taking place in Miami from February 19-21, 2025. Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has more than $334 billion in total assets under supervision.
Guggenheim Investments brings its leadership in asset management and macroeconomic insights to discussions with the world leaders, policymakers, investors, and industry experts who will join FII PRIORITY Summit 2025 to explore solutions across its core pillars: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
“We are thrilled to welcome Guggenheim Investments as a key partner at the FII PRIORITY Summit,” said Richard Attias, Chairman of the FII Institute Executive Committee. “A global leader in asset management, Guggenheim brings deep market expertise and strategic perspective on the forces shaping the future of investment. Their insights are invaluable in driving discussions on growth, innovation, and the evolving global economy.”
Dina DiLorenzo, President of Guggenheim Investments, said, “Through its global FII conferences and FII PRIORITY summits, FII Institute has created powerful platforms for convening the world’s brightest minds to propose solutions to global challenges. As a Summit Partner, we look forward to shaping and advancing discussions that lead to a more resilient and inclusive global economy.”
The third edition of the FII PRIORITY Miami Summit, themed “Invest with Purpose,” will serve as a platform for implementing actionable strategies that foster long-term resilience and inclusive growth.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and a single agenda: Impact on Humanity. Global, inclusive, and data-driven, the Institute brings together the world’s brightest minds to transform ideas into real-world solutions across for critical pillars: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
For more information, please visit: https://fii-institute.org/
Guggenheim Investments
Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has more than $334 billion in total assets under supervision1 across fixed-income, equity, and alternative strategies.
Guggenheim Investments focuses on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high-net-worth investors with a track record of delivering results through innovative solutions. For more information, please visit https://www.guggenheiminvestments.com.
1. Total Assets as of 12.31.24 includes $243.5 bn in GI Assets Under Management (AUM), plus $90.8 bn in non-advisory GI Assets Under Supervision (AUS) for a total of $334+ bn. AUM includes leverage of $14.8bn.
Contacts:
FII Institute:
Guggenheim Investments:
Gerard Carney
gerard.carney@guggenheimpartners.com
+9177036368
February 11, 2025
Miami, FL
The Future Investment Initiative (FII) Institute proudly announces Citadel Securities, Guggenheim Investments, Thoma Bravo and Valor Equity Partners as Summit Partners for the upcoming FII PRIORITY Summit in Miami. Their leadership in alternative investments, private equity, and technology-driven growth will play a pivotal role in shaping discussions around this year’s theme: “Investing with Purpose.”
Adding to this distinguished lineup, Diriyah, a long-standing Strategic Partner of FII Institute, has stepped up as a Summit Partner. As a global leader in cultural preservation and forward-thinking development, Diriyah exemplifies how investment can seamlessly merge tradition with innovation.
These five partners join a prestigious network of over 30 global partners, including:
• Founding Partner: Public Investment Fund (PIF) of Saudi Arabia
• Vision Partners: Ministry of Investment of Saudi Arabia, Aramco
• Strategic and Industry Leaders: ACWA Power, Claure Group, Emaar, Franklin Templeton, GFH, HSBC SAB, King Salman International Airport, KAFD, Ma’aden, Minerva Foods, NEOM, New Murabba, Premium Residency, Red Sea Global, Riyadh Air, Riyad Bank, ROSHN, Royal Commission for AlUla, SABIC, Sanabil Investments, SCAI, SNB, SoftBank Vision Fund, Standard Chartered, STC, THIQAH, and Vision Invest.
The FII PRIORITY Summit will also be enriched by academic and knowledge partners such as Columbia University and the McKinsey Health Institute, ensuring deep insights and data-driven discussions.
World-Class Speakers to Explore the Future of Investment
The Summit will feature an extraordinary lineup of global leaders, investors, and innovators, including:
• H.R.H. Ambassador Reema Bandar Al Saud, Ambassador to the United States
• H.E. Khalid A. Al-Falih, Minister of Investment of Saudi Arabia
• H.E. Yasir Al-Rumayyan, Governor, PIF & Chairman of FII Institute
• Masayoshi Son, Chairman & CEO, SoftBank Group Corp
• Serena Williams, Managing Partner, Serena Ventures
• Robert S. Kapito, President & Co-Founder, BlackRock
• Safra Catz, CEO, Oracle
• George Walker, Chairman & CEO, Neuberger Berman
• Steven Cohen, CEO, Point72 & Owner, New York Mets
• Dara Khosrowshahi, CEO, Uber Technologies
• Ricardo Salinas Pliego, Founder & Chairman, Grupo Salinas
• Nir Bar Dea, CEO, Bridgewater Associates
These distinguished speakers will explore how investment can drive impact, build resilience, and ensure long-term sustainability in a rapidly evolving global landscape.
Key Discussions: Geopolitics, AI, and the Future of Investment
The FII PRIORITY Summit will host high-impact panels addressing:
• Geofragmentation: How geopolitical shifts are reshaping global investment flows
• AI & Infrastructure: The intersection of artificial intelligence and next-generation economies
• Sports & Investment: The evolving role of capital in the global sports industry
• Crisis-Ready Economies: Is agile, adaptive alignment the key to resilience?
A Call to Action: Investing with Purpose
As the world’s top investors, policymakers, and innovators convene in Miami, FII PRIORITY Summit will focus on actionable solutions that drive real-world impact. With the support of its strategic partners, this year’s Summit will redefine what it means to invest with purpose.
Richard Attias, Chairman of the FII Institute Executive Committee, emphasized the importance of this mission:
“At FII Institute, we believe that investing with purpose is the key to shaping a sustainable and prosperous future. We are honored to partner with industry leaders whose commitment to innovation and responsible investment aligns with our mission. Their expertise will drive meaningful discussions at FII PRIORITY Summit, ensuring that global capital is directed toward solutions that create lasting economic and societal value.”
Media Inquiries
For press and media inquiries, please contact: media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and a single agenda: Impact on Humanity. Global, inclusive, and data-driven, the Institute brings together the world’s brightest minds to transform ideas into real-world solutions across four critical pillars: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
December 11, 2024
MIAMI, FL – The FII PRIORITY Summit, powered by the FII Institute, is returning for its third edition with an important call to action for global leaders and investors: “Invest with Purpose.” Scheduled for February 19–21, 2025, at the Faena Hotel and Forum in Miami—a global hub for innovation and economic leadership—the summit will convene world leaders, innovators, and visionaries to tackle the most pressing challenges and opportunities of our time.
In the face of geopolitical tensions, rising living costs, and systemic challenges such as healthcare and labor market shifts, the FII PRIORITY Summit will explore how strategic investments in innovation and sustainability can drive meaningful, long-term solutions in our rapidly changing world.
This summit is more than a conference; it is a movement and catalyst for change supported by the FII Institute founding partner PIF and more than 30 strategic partners. Building on insights from the 2024 FII PRIORITY Compass—a data-driven resource surveying over 50,000 respondents across 24 countries—the event will bring together influential thought leaders, investors, and policymakers to address humanity’s most urgent issues. These discussions aim to pave the way for innovative solutions that unlock significant economic value and drive global progress.
The summit will focus on key pillars aligned with its overarching theme, “Invest with Purpose,” including:
- Architecting Next-Gen Private-Public Alignment
- Leadership in a Changing World
- Disruptive Tech & the Exponential Economy
- Frontiers of Capital
Richard Attias, CEO of the FII Institute, stated: “At FII PRIORITY Summit Miami 2025, we are bringing together over 1,000 influential leaders, investors, and innovators to explore bold solutions to these critical issues. This summit will catalyze the transformational change our world urgently needs, will continue the conversations started at FII8 this past October and will help to understand the directions which will be taken by the new US administration. ”
For more information, visit FII PRIORITY SUMMIT MIAMI 2025
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For media inquiries, please contact: 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.
Riyadh, 4 November – In a demonstration of international collaboration, the 8th annual edition of the Future Investment Initiative (FII8) Conference hosted in Riyadh, Saudi Arabia, the 29-31 of October, has successfully attained $70+ billion value in investment agreements. This landmark achievement marks a pivotal moment in the FII Conference’s history, and attests to the noteworthy relevance of the meeting in the international arena, as it represents more than half of the total $128 billion generated over the last seven years, combined.
FII Institute, the organizer of the initiative, is a data-driven “do-tank” that catalyzes solutions for today’s most pressing challenges. The agreements, which tackle different sectors across a variety of geographic regions, signify a triumph in financial terms and celebrate collaborative efforts on global strategic investments to drive sustainable economic growth.
The Saudi Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, has signed agreements that are set to reshape the investment landscape. In a significant move during FII8, PIF has partnered with Google Cloud to establish a global artificial intelligence (AI) hub, aiming to empower businesses within the region with cutting-edge technology. In addition, PIF signed a series of agreements with prominent international financial institutions to enhance investment capabilities, such as the Canadian Brookfield Asset Management, the American State Street, and Japanese leading financial institutions Mizuho Financial Group Inc, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).
In parallel, the Saudi Ministry of Investment (MISA) announced the signing of investment agreements aimed at enhancing collaboration among strategic markets. In partnership with Saudi investment firm Beta Lab, Telkom Indonesia, and Hong Kong Science & Technology Parks Corporation (HKSTP), the Beta Lab Growth Fund of $300Mn was launched at the conference to accelerate startup growth and cross-border innovation between the MENA region and Southeast Asia. To introduce new investment solutions in multiple sectors, MISA also announced an agreement between Saudi Hassana Investment Company and the State Oil Fund of the Republic of Azerbaijan (SOFAZ), the country’s sovereign fund.
Furthermore, an agreement between MISA and the International Finance Corporation (IFC), a member of the World Bank Group, was signed to strengthen cooperation in promoting investments both domestically and internationally. This long-term partnership will provide advice to the private sector and broaden investment opportunities aimed at enhancing economic growth in the region.
On the financial front, the Japanese SBI Holdings and the Saudi BIM Ventures announced the establishment of a joint venture, BIM Capital, to foster growth in the financial and investment sectors across Saudi Arabia and the broader Middle East. Moreover, SBI Holdings celebrated with the National Technology Group (NTG) the launch of an ETF focused on the Saudi Stock Exchange (Tadawul), which has been listed on the Tokyo Stock Exchange, introducing Saudi equities to Japanese investors, the first fund of its type. Joining these efforts to offer foreign investors exposure to the Saudi market, the American asset manager Franklin Templeton presented the FTIF Saudi Arabia Bond Fund and Franklin FTSE Saudi Arabia UCITS ETF, which offers global investors unique opportunities to participate in Saudi Arabia’s economic growth through diversified fixed-income and equity investments.
Likewise, the Saudi bank SAB Invest, a partner of HSBC Group, and the Hong Kong-based bank Hang Seng Investment Management (“HSVM”) also announced at FII8 the launch of their ETF, the SAB Invest Hang Seng Hong Kong ETF, an open-ended investment fund designed to track the Hang Seng Index, Hong Kong’s benchmark equity market index. Another significant financial alliance was formed by NBK Wealth, part of the National Bank of Kuwait Group, and the American bank, J.P. Morgan Asset Management, which announced a strategic partnership that combines regional market leadership with global expertise with the aim of enhancing investment opportunities and delivering innovative solutions tailored to meet the diverse needs of clients.
ACWA Power, a Saudi company in water desalination, and energy transition, announced collaborations with important stakeholders in different regions: an R&D center under the Lujiazui Administration Bureau in China; projects in Uzbekistan for solar and wind renewable energy respectively financed with the support of IFC and the European Bank for Reconstruction and Development (EBRD), German Investment Corporation (DEG), and the French development finance institution Proparco; and a wind farm in the Republic of Azerbaijan, whose lenders include EBRD and the OPEC Fund for International Development.
In the sector of transportation, TASARU Mobility Investments signed a strategic investment in the German company Blacklane, enhancing premium global chauffeur services with plans to introduce a fleet of electric vehicles, while establishing a modern automotive manufacturing cluster. KAFD Development & Management Company, in partnership with Hassan Allam Construction Saudi, and Chinese CRRC, one of the world’s largest rolling stock manufacturers, signed an agreement for the development of the KAFD Monorail Project for King Abdullah Financial District in Riyadh. And in terms of air transportation, Airbus and Riyadh Air, announced an agreement to purchase 60 Airbus A321 neo-single-aisle aircraft, the most sustainable and efficient in the industry.
In the field of logistics, The Saudi-China-based EWPartners announced an investment agreement with Chinese Leshines, Lenovo’s supply chain solutions platform. This strategic investment accelerates the localization of Lenovo’s supply chain in Saudi Arabia aligning with Lenovo’s global strategy, strengthening the Kingdom’s position as a vital player in global trade networks and supply chain operations. In addition, the Bahraini bank GFH signed two major deals for Saudi’s logistics development, one with American real estate developer Panattoni for the creation of 500,000 square meters of logistics facilities, and one with Gulf Warehousing Company (GWC) to expand Grade ‘A’ logistics infrastructure across key trade hubs.
Finally, Saudi Halal Products Development Company (HPDC) and Brazilian BRF Global, one of the largest food companies in the world, announced a substantial investment in Addoha Poultry Company to expand the poultry production capacity and solidify Saudi Arabia’s position as a leading global halal hub, driving sustainable growth and contributing to the development of a thriving halal ecosystem.
Richard Attias, CEO of FII Institute, highlighted the significance of these agreements, underscoring the power of international partnerships to drive change, “The exponential growth of announcements witnessed at FII8 is a reflection of our shared determination to construct a brighter future for all across a wide range of sectors. This success is a clear indication of the confidence our global partners have in our vision. As we move forward, FII Institute remains committed to leveraging this momentum to maximize positive impact and foster transformative opportunities worldwide.”
For more information, contact media@fii-institute.org.
Riyadh, October 31, 2024 – The Future Investment Initiative (FII) Institute wrapped up Day 3 of its 8th annual gathering in Riyadh, with an “Investment Day” under the theme of “Infinite Horizons: Investing Today, Shaping Tomorrow.” Leaders, investors, and innovators explored avenues to drive impactful investment in emerging markets, venture capital, and sustainable growth strategies, setting the stage for the future of global finance and economic development.
Richard Attias, CEO of the FII Institute, commented on the day’s events: “Today’s discussions underscored the power of targeted investments to transcend traditional boundaries, creating opportunities in markets that promise to shape the next economic era. Our collective focus on deploying capital with long-term vision and sustainability will guide us as we navigate an ever-changing landscape.”
Standout Moments from FII8 Day 3:
1. Opening Remarks by H.E. Faisal F. Alibrahim
H.E. Faisal F. Alibrahim, Minister of Economy & Planning for the Kingdom of Saudi Arabia opening remarks set the tone for the day, emphasizing the role of investment in Saudi Arabia’s economic transformation under Vision 2030, highlighting non-oil growth as pivotal for future diversification.
2. Panel on Alternative Asset Growth in Emerging Markets
Key insights were shared during a session featuring H.E. Mohammed El-Kuwaiz, Chairman, Capital Market Authority (CMA); Rishi Kapoor, Vice Chairman & CIO, Investcorp; Chip Kaye, Chairman, Warburg Pincus LLC which focused on new frontiers in alternative asset growth. This panel explored trends driving investments in emerging economies, spotlighting regions set to lead the next growth phase.
3. Capital Allocators Roundtable
A high-level discussion gathered influential leaders to discuss 2024’s projected impact for alternative assets and the diversification trends shaping institutional portfolios. The roundtable featured a diverse array of experts, including institutional investors, and thought leaders, all sharing insights on how alternative investments are becoming crucial in navigating economic uncertainties.
4. Venture Capital Hotspots: Catalysts for Disruption
In this session, the panel explored the evolving landscape of innovation funding, with a particular emphasis on developments in burgeoning markets like Saudi Arabia.
5. Health Humanity Initiative
In a global effort to secure a healthier future for all, FII Institute launched the Healthy Humanity Initiative inviting over 100 corporations, 10 health insurance companies insurers and governments from the Global South and North to join the movement to impact lives by providing free preventive health checkups for citizens every two years, waive up to 50% in health bills and ensure tax-free benefits. So far, this initiative has garnered support from Saudi Health in All Policies (HIAP), Claure Group, Moderna, Merck GCC, Ausmed Global, Qi Ming Venture Partners, Burjeel Holdings, SCAI, CURA, Genrait and Cleveland Clinic.
6. Health Longevity Compass
The FII Institute presented findings from the Healthy Longevity Compass, which surveyed 22,600 respondents across 21 countries in partnership with The McKinsey Health Institute. The study revealed that 70% of individuals aspire to adopt healthier living habits, yet 43% in developing countries are dissatisfied with access to nutritious food. Read the Full Report Here.
7. Investment Day
FII8 Investment Day launched a dynamic new chapter for the entrepreneurial ecosystem, transforming bold visions into actionable solutions that drive progress. At the inaugural global program hosted by FII Institute, five start-up companies showcased their cutting-edge tech solutions tackling world’s most pressing global challenges in artificial intelligence and robotics, sustainability, health and education. Among the innovators were: Oxccu, Sakuu, Beyond-Aero, Archireef and Bytelearn.
In the finale, Sakuu emerged as the winner and was crowned FII8 Innovator 2024. Each participating company received 2025 FII Institute complimentary membership and access to the FII Venture Program – powered by General Atlantic and Lakestar. This comprehensive support system is designed to accelerate their growth, offering unparalleled opportunities for market expansion, knowledge sharing and global visibility. Additionally, the innovative start-ups are eligible for a market expansion package providing over $10 million in financing grants and startup support. They may also benefit from soft landing program through NTDP (Saudi Arabia) and Hong Kong Science and Technology Park.
8. Closing Remarks by H.H. Prince Faisal bin Farhan Al Saud, KSA Minister of Foreign Affairs. H.H. Prince Faisal emphasized the importance of global citizenship in addressing today’s pressing issues. He highlighted that collaboration across nations is vital for tackling conflicts, climate change, health crises, and economic disparities.
9. Announcements: During the four days of the FII8 conference, over 30+ announcements worth $70 billion dollars were made that focused on promoting sustainable development and innovative solutions for humanity. Additionally, strategic partnerships were established highlighting collaboration across various sectors, including technology, quality of life, and innovation.
As FII8 wrapped up, the narrative of a united front for positive change was clear. The collective voices of leaders and innovators echoed the sentiment that the future is not just a vision; it’s a movement we are all part of Day 3 at FII8 demonstrated the Institute’s commitment to connecting capital with impactful initiatives, further strengthening the global investment landscape. The FII Institute continues its mission of fostering sustainable and forward-looking investments that empower change across diverse geographies.
ENDS
For media inquiries, please contact: media@fii-institute.org
About FII Institute
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.
30 October, 2024 – Riyadh: FII Institute, a global non-profit foundation driven by data and one agenda, Impact on Humanity, and Premium Residency Center, a government entity that is responsible for managing all matters related to the Premium Residency in Kingdom of Saudi Arabia, have announced a strategic partnership aimed to drive investment in line with the goals of Saudi Vision 2030. With this collaboration, FII Institute and Premium Residency will leverage their combined expertise and resources to boost Saudi Arabia’s position as a global hub, attracting the brightest minds and investments.
The Premium Residency Center offers a range of residency products tailored to attract foreign skilled talents, investors, and entrepreneurs. These offerings are designed to facilitate knowledge transfer and foster collaboration across various sectors, ultimately contributing to the national economy and the Kingdom’s vision. A signing ceremony was held in the presence of Mr. Richard Attias, the Chief Executive Officer of FII Institute and Mohammad Al-Sultan, the Chief Executive Officer of Premium Residency Center.
Overall, the FII Institute supports the development of innovative solutions and empowers entrepreneurs through investments and grassroots initiatives. The FII Institute actively works to address pressing global issues such as climate change, sustainable development, and social impact through academic publications, dialogue, and investments in various sectors.
This strategic partnership further aligns with the highly anticipated FII8 conference being held under the theme “Infinite Horizons: Investing Today, Shaping Tomorrow, where the world’s brightest minds of visionaries, policymakers, leaders, top CEOs, investors, academia, NGOs, entrepreneurs, innovators, scientists, activists, and media will convene to share global perspectives, unlocking new frontiers for human advancement and impactful innovation.
Richard Attias, CEO of the FII Institute, celebrated this partnership stating, “This strategic partnership marks a significant milestone in our journey to build a more sustainable world. By combining our expertise, we can drive positive change and create economic growth and diversification through investments in humanity.”
Mohammad Al-Sultan, CEO of the Premium Residency Center noted, “This strategic collaboration with the FII Institute represents a significant step in our commitment to attract investments and skilled professionals to Saudi Arabia. Together, we aim to drive economic growth and support the Kingdom’s ambitious goals under Vision 2030, further driving the country’s economic transformation by creating employment opportunities and fostering knowledge transfers, ensuring a vibrant future for all sectors.”
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Media Inquiries
Please address any inquiries to: media@fii-institute.org
About FII Institute:
The Future Investment Initiative (FII) Institute is a 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 Premium Residency Center
The Premium Residency Center was established in January 2019 by a resolution of the Council of Ministers. It is a government entity in the Kingdom of Saudi Arabia that offers residency products that grants the expatriates the right of residence in the Kingdom, employment, ownership of real estate and engagement in commercial activities. It aims to contribute to the national economy by boosting the Kingdom’s position as a global hub for attracting talents, investors, and entrepreneurs, while retaining them.
Riyadh, Saudi Arabia – 30 October 2024 – FII Institute has established a strategic partnership with King Salman International Airport Development Company (KSIADC) during the FII8 Conference, held in Riyadh from October 29-31. This significant agreement, marked by a signing ceremony attended by Marco Milia, Acting CEO of KSIADC, and Richard Attias, CEO of the FII Institute, represents a pivotal step in KSIADC’s strategic ambition to foster global innovation and sustainability within the aviation industry.
The FII Institute is a nonprofit global foundation driven by data and an investment arm with one agenda: Impact on Humanity. It is dedicated to enabling a brighter future for humanity by uniting innovative solutions and the world’s foremost CEOs, policymakers, investors, and entrepreneurs. King Salman International Airport Development Company joins our prestigious network of global leaders addressing the world’s most pressing challenges through the Institute’s platform and expansive international network. This collaboration strengthens King Salman International Airport’s leadership in sustainable development and innovation, reinforcing its influence in shaping the future of global aviation and contributing to a sustainable world.
Marco Mejia said, “King Salman International Airport stands as a ground-breaking project in terms of innovation and sustainability. Our goal is to establish new global standards in airport design and operations that can be shared and emulated worldwide. This strategic partnership with the FII brings us closer to that goal and helps chart a path toward a sustainable future for humanity and the planet.”
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For further information regarding KSIADC and the strategic partnership with FII Institute mentioned in this release, please contact: Reema Albarrak at ralbarrak@ksia.com.sa
About FII Institute
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.
About King Salman International Airport
King Salman International Airport will be one of the world’s largest airports, covering an area of approximately 57 km² and projected to welcome 100 million passengers in 2030. King Salman International Airport aims to be a global benchmark for all airports, providing a unique and seamless customer journey, best-in-class operations, innovation across design and operations, and unique shopping and entertainment experiences. With sustainability at its core, the airport will be designed to achieve LEED Platinum certification for new build development, the highest level of green design and building certification, and will incorporate a variety of sustainable features, including being powered by renewable energy. KSIA will be a testament to Saudi Arabia’s unwavering commitment to innovation and progress.
Riyadh, October 30, 2024: The Saudi Company for Artificial Intelligence (SCAI), wholly-owned by the Public Investment Fund (PIF), and the FII Institute, a leading global non-profit foundation with an investment arm and one agenda: Impact on Humanity, have announced a strategic partnership aimed at accelerating responsible and ethical AI development, driving innovation and promoting sustainability.
By combining their expertise and resources, SCAI and FII Institute’s partnership provides a platform to foster AI research and development, ensuring a positive and equitable impact on the future. This partnership will enable SCAI to leverage FII’s Institute global network and deep expertise in developing meaningful initiatives while connecting with impact investors and policymakers to promote transparency and accountability in AI development and deployment.
Richard Attias, CEO of the FII Institute, applauded this partnership stating: “As AI reshapes the future of work, governments need forward-thinking companies like SCAI to navigate the complex landscape of regulatory compliance and innovation. By working together, we can harness the immense potential of AI while safeguarding against potential risks. SCAI and FII Institute are committed to partnering with global leaders to foster a thriving AI ecosystem that benefits businesses, workers, and society as a whole.”
Commenting on this partnership, Mubarak Alwadaani, Chief Commercial Officer of SCAI, said: “Our collaboration with the FII Institute is a testament to our unwavering commitment to developing AI technologies that not only push the boundaries of innovation, but also uphold the highest standards of ethics and responsibility. As we continue to drive economic growth and position Saudi Arabia as a global leader in AI, we are focused on creating AI applications and solutions that are transparent, unbiased, and sustainable for the future.”
As a national AI champion, SCAI is at the forefront of unlocking the power of artificial intelligence, creating avenues for innovation and furthering economic growth in varied sectors. The collaboration embodies a mutual dedication to establishing international connections aimed at propelling the technology sector forward, thus ensuring a significant imprint on the global technology landscape.
The FII Institute aims to drive sustainable development and positive change on a global scale through research, publications, and innovative initiatives. AI has created a new geopolitics for nations, businesses, and individuals and could influence the balance of power. FII Institute’s collaboration with SCAI ensures key stakeholders including leaders, entrepreneurs, and innovators, have access to responsible AI innovation and policymaking. At FII8, in October, tech giants, world leaders, CEOs, and inventors will gather to discuss important topics on how AI impacts critical domains like security and economic competitiveness in Riyadh. Join the Movement.
(ENDS)
Media Inquiries
Please address any inquiries to: media@fii-institute.org
About FII Institute:
The Future Investment Initiative (FII) Institute is a 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 SCAI
The Saudi Company for Artificial Intelligence (SCAI) is a wholly-owned PIF company that offers impactful solutions and products for multiple sectors, including smart city, media, healthcare, financial services, sport and entertainment. Guided by a vision to lead the next generation of AI applications and unlock global value, SCAI empowers the future of AI through best-in-class partnerships, targeted investments, and the development of world-class capabilities.
For further details about SCAI, please visit www.scai.sa
For media inquiries, reach out to us via media@scai.sa
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Riyadh, October 30, 2024 – On the second day of the 8th Future Investment Initiative (FII) in Riyadh, leaders from around the world gathered to discuss the transformative potential of emerging technologies and investment strategies in redefining the future. A Special Address was delivered by H.E. Minh Chính Pham, Prime Minister, Socialist Republic of Vietnam.
Richard Attias, CEO of the FII Institute, summarized the day’s ambitions, stating, “At FII8, we are witnessing a new era where innovation and capital converge not just to shape industries but to create a sustainable and inclusive future for all. Today’s discussions highlighted the journey toward a world of boundless possibilities and infinite opportunities.”
Standout moments from Day Two of FII8
1. Board of Changemakers on Technology & Innovation: Leaders from industries including Marcelo Claure, Founder & CEO, Claure Group; Group Vice Chairman, SHEIN; Alex Clavel, Co-CEO, SoftBank Vision Funds; Hani Enaya, CIO, Sanabil Investments; Antonio J. Gracias, Founder, CEO & CIO, Valor Equity Partners; Vineet Mittal, Chairman, Avaada Group; Dan Schulman, Vice Chairman & Managing Partner, Valor Capital Group; Robert Smith, Founder, Chairman & CEO, Vista Equity Partners; and Julie Sweet, Chair & CEO, Accenture explored how AI could create up to $10.3 trillion in economic value by 2038. This session urged companies to develop AI responsibly to ensure equitable benefits across society.
2. Ocean Central Announcement: Her Royal Highness Ambassador Reema Bandar Al-Saud, the Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced the launch of Ocean Central, a digital platform developed by Wave and powered by FII Institute which collates data, and provides a clear and evolving view of ocean health, an urgently needed resource in efforts to regenerate our oceans.
HRH Ambassador Reema Bandar Al-Saud founded Wave as an initiative to champion ocean regeneration within a human generation, an ambitious but achievable aspiration, utilizing science-backed methodologies.
Wave has developed Ocean Central as a collaborative digital platform to unify once-disparate scientific ocean data by fostering collaboration, empowering decision-makers, and tracking collective progress toward ocean regeneration. Ocean Central combines accessibly displayed data with data-driven stories, relevant video content, news, and other ocean regeneration content to broaden users’ perspectives, shine light on the challenges ahead, celebrate successes, and foster a deeper appreciation for our planet’s ocean and our work to save it. To learn more, visit www.oceancentral.org
3. AI and Geopolitics of Technology with Dr. Eric Schmidt, Former CEO & Chairman, Google, KBE: Dr. Eric Schmidt delivered a discussion on the geopolitical impact of AI, exploring how advancements in cybersecurity and digital infrastructure are reshaping international relations. His address emphasized the importance of cooperation in data governance and digital trade to navigate a world of increasing technological competition.
4. The Global Future of Work Compass
The FII Institute unveiled its latest research, the Global Future of Work Compass, based on responses from over 1,300 people and 200 companies in the MENA region. The report indicates that 50% of respondents find advanced technology disruptive, and 46% believe youth tech training is insufficient, underscoring the need for proactive education reform and upskilling. Read the Full Report Here.
6. Support for the Symphony of Hope Gala
The FII Institute contributed $100,000 to the Symphony of Hope Gala, advocating for individuals affected by celiac disease globally. This support aligns with the FII Institute’s commitment to inclusive health initiatives and creating awareness for pressing health concerns.
7. ‘Clash of the Titans’ Debates
In a lively debate session titled “Clash of the Titans,” thought leaders exchanged views on three critical issues: Money, Truth, and Power. This dynamic format allowed for fresh insights into these epoch-defining challenges.
8. The Rise of Global Megaregions
Speakers from leading global institutions explored the concept of megaregions—large, interconnected economic zones—as new centers of opportunity. They discussed the role of capital in supporting these economic hubs through innovative solutions and infrastructure investments.
9. Future of Resources: Achieving Clean Industries
Panellists debated the feasibility of clean industries amid rising demand for critical minerals in renewable technologies. Leaders from SABIC, Sigma Lithium, Vale, Ivanhoe Mines and Ma’aden addressed the challenge of responsibly managing resources to support sustainable growth.
10. Building A Future-Ready Workforce
The potential for AI to redefine the future of work was a central theme, with discussions on adapting education and training to meet evolving demands. Industry experts highlighted how AI could contribute $13 trillion to the global economy by 2030, transforming job roles and creating new growth opportunities.
With a commitment to “Investing Today, Shaping Tomorrow,” the FII Conference continues to pave the way for meaningful investments that drive progress, innovation, and sustainability worldwide. With over 45 sessions held on topics such as green technology and digital transformation in emerging markets, FII8 serves as a platform for exploring innovative solutions to global challenges. The insights shared here are critical to shaping future investment landscapes, empowering leaders, and fostering impactful partnerships.
12. Announcements: Today, FII8 witnessed the announcement of 11 new financial announcements all investing in impactful solutions for humanity. Alongside these announcements, 6 strategic partnerships were established, underscoring a commitment to driving positive change across diverse sectors including technology, quality of life, innovation, and sustainability.
ENDS
For media inquiries, please contact: media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation focused on creating positive impacts on humanity. Through its investment arm, FII Institute transforms ideas into solutions across four areas: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
Published October 29, 2024 – Riyadh:
A global survey has revealed dramatic drops in satisfaction levels amongst citizens from 24 countries, representing 62% of the world’s population.
Over half of respondents reported they were dissatisfied with the world situation – an 11% drop from 2023 levels. The US has seen a 20% drop in confidence levels in the past year.
Financial insecurity ranks as the top concern for all citizens, with inflation and job security the main issues. Concerns about poor government performance, healthcare, and technology have displaced environmental concerns, which have dropped to fifth place and represent the top concern for only 13% of respondents.
These shifts provide insight for leaders and policymakers as they seek to navigate global economic challenges and increasingly polarised societies.
The survey commissioned by the Future Investment Initiative (FII) Institute, in partnership with Ipsos, identifies citizen sentiment, focusing on the economy, health, technology, healthcare, and government performance.
This survey, known as FII PRIORITY Compass, takes place every year and polls a demographically representative sample of ages, backgrounds, and countries, providing data and insights that help shape and inform discussions at FII Institute summits throughout the year.
The purpose of the institute is to make a positive impact on humanity by addressing common issues facing humanity, such as economic growth, prosperity, climate change, technology regulation, and equitable access to healthcare and education.
This year’s FII PRIORITY Compass report identifies several key issues:
- Levels of dissatisfaction are plummeting worldwide
- 40% of respondents selected cost of living as their main concern for the third consecutive year
- 57% report worsening inflation, with this issue especially acute in the Global North where 66% cite inflation worsening
- Governance ranked as a second priority for world with 71% of respondents expressing dissatisfaction with corruption levels in their countries, with particularly high concerns in regions with political instability
- Healthcare is the third biggest concern, with more than 50% not satisfied about the adequate number of doctors, the most commonly reported issue
- Only 13% of respondents report that the environment is their top concern
- The only country where environment is the top concern of citizens is India
- The Global South is much more optimistic (60%) than Global North (34%) about the potential of technology to improve their lives
- Of all countries surveyed– the citizens of Saudi Arabia are most satisfied with their own lives (84%)
- 37% view AI as a potential threat, while 39% are uncertain, highlighting societal concerns about its impact
FII8 takes place in Riyadh (29 – 31 October), with over 8000 delegates, including leaders, investors and innovators are taking part in over 200 panels and discussions designed to tackle the big issues facing humanity. This research will inform these discussions by providing insights into the actual issues that impact everyday people.
FII8 happens one month after world leaders gathered in New York for the United Nations General Assembly (UNGA) and three weeks before G20 leaders meet in Rio de Janeiro. It happens four weeks before world leaders gather to discuss climate action at COP29 in Azerbaijan.
Richard Attias, CEO of the Future Investment Initiative Institute says:
“This study is a wake-up call for leaders and policymakers worldwide. The findings make sobering reading, representing as they do the genuine concerns of citizens across the globe. We have a unique opportunity to shape a better and safer world, but only if leaders tune in the issues that matter.”
Read the Full Report Here.
For media inquiries, please email: media@fii-institute.org
About FII Institute
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.