FII 2019 Closes With Focus On Connectivity, Inclusivity And Innovation

Published
October 31, 2019

​​​​​​​​​​​​​​​​​​​​​​​​• ​300 speakers from over 30 countries address more than 6,000 participants in keynotes, open conversations and plenary summits

​​​​​​​​​​​​​​​​​​​​​​​• ​300 speakers from over 30 countries address more than 6,000 participants in keynotes, open conversations and plenary summits

​​​​​​​​​​​​​​​​​​​​​​​• Agreements totalling more than USD15 billion (SAR 56.2 billion) announced during the conference

Riyadh, 31 October 2019: The Future Investment Initiative (FII) 2019 closed today following a successful third day in Riyadh. Over the three days, global leaders and policy makers came together in keynotes, open conversations and plenary summits to explore how, as we race toward a hyper-connected future, societies and economies can evolve to become more equitable and human-centered. 

The event concluded with full house watching a special session looking ahead to the future of economic diplomacy and the G20. As Saudi Arabia prepares to host the next G20, HE Dr. Ibrahim Abdulaziz Al-Assaf, Minister of State, KSA, joined a series of former G20 leaders – David Cameron, Former Prime Minister, UK, François Fillon, Former Prime Minister, France, Matteo Renzi, Former Prime Minister, Italy, Kevin Rudd, Former Prime Minister, Australia, to discuss the G20 and its ability to adapt to the forces of change driving widespread transformations to the global economy. 

Advising the Kingdom on how to set a successful agenda for 2020, David Cameron said “my advice looking at the opportunities Saudi Arabia has at chairing the G20 is to think hard about the issues you want to promote that will make a real difference”. Kevin Rudd argued that “the renewable energy revolution is huge” and advised those who live in carbon intensive economies to see “the renewable energy future as a massive opportunity.

​​​​​​​​​​​​​​​​​​​​​​​• The event concluded with full house watching a special session looking ahead to the future of economic diplomacy and the G20. As Saudi Arabia prepares to host the next G20, HE Dr. Ibrahim Abdulaziz Al-Assaf, Minister of State, KSA, joined a series of former G20 leaders – David Cameron, Former Prime Minister, UK, François Fillon, Former Prime Minister, France, Matteo Renzi, Former Prime Minister, Italy, Kevin Rudd, Former Prime Minister, Australia, to discuss the G20 and its ability to adapt to the forces of change driving widespread transformations to the global economy.

​​​​​​​​​​​​​​​​​​​​​​​• Advising the Kingdom on how to set a successful agenda for 2020, David Cameron said “my advice looking at the opportunities Saudi Arabia has at chairing the G20 is to think hard about the issues you want to promote that will make a real difference”. Kevin Rudd argued that “the renewable energy revolution is huge” and advised those who live in carbon intensive economies to see “the renewable energy future as a massive opportunity.”

​​​​​​​​​​​​​​​​​​​​​​​• Summits on the final day of FII 2019 focused on inclusive finance, the long-term value of investing in female-led businesses and the new frameworks that can support social cohesion during a time of fast-paced social transformation. The conference’s rich agenda reflected how, both collectively and individually, the community of FII delegates, speakers and partners are able to affect enormous change for good in the world.

​​​​​​​​​​​​​​​​​​​​​​​• Demonstrating the Kingdom’s commitment to being at the forefront of new frontier technologies, the conference featured cutting-edge robots, virtual reality displays and facial recognition software. The conference also featured a pavilion for the FII Institute, powered by the Public Investment Initiative (PIF), to complement the annual FII conference through a number of initiatives. The FII Institute will serve as an important knowledge platform for the global investor community, enabling the sharing of ideas and expertise, and the development of innovative solutions that drive the future of investment and economic value creation.

​​​​​​​​​​​​​​​​​​​​​​​• FII 2019 attracted high calibre guests and speakers from across the Arab World, Africa, North America and Europe, including heads of state His Majesty King Abdullah II, Jordan, Prime Minister Narendra Modi, India, President Jair Bolsonaro, Brazil, Steven Mnuchin, Secretary of the Treasury, USA, Rick Perry, Secretary of Energy, USA, Jared Kushner, Senior Advisor to the White House USA, HE Muhammadu Buhari, President of Nigeria, HE Mahamadou Issoufou, President of Niger, HE Uhuru Kenyatta, President of Kenya and business leaders Masayoshi Son, Founder & CEO, SoftBank, Patrice Caine, Chairman & CEO, Thales Group, France, John Pagano, CEO, The Red Sea Development Company, Larry Fink, Founder Chairman & CEO, BlackRock, Noel Quinn, Group Chief Executive, HSBC Holdings plc, Stephen A. Schwarzman, Chairman, CEO, & Co-founder, The Blackstone Group L.P., Tidjane Thiam, CEO, Credit Suisse Group AG.

​​​​​​​​​​​​​​​​​​​​​​​• At the conference, the Saudi Arabian General Investment Authority (SAGIA) announced 23 new foreign investment deals worth $15 billion. Coordinated under Invest Saudi, these agreements reflect the enormous potential that Saudi Arabia offers to investors from across the Kingdom and around the world.

​​​​​​​​​​​​​​​​​​​​​​​• The speakers at FII 2019 include nearly 300 leading global decision makers, investors and experts from more than 30 countries. The speakers demonstrate FII’s global perspective, with significant numbers coming from North America (39%), Europe (20%), Asia (19%) and the Middle East (15%). More than 6,000 attendees have also registered their participation at the event.

​​​​​​​​​​​​​​​​​​​​​​​• FII was created to drive conversation and collaboration around some of the most pressing topics currently facing the world today – including sustainability, technology and the future of society. FII is dedicated to providing a truly inclusive platform that facilitates free and creative dialogue between policymakers, business leaders, investors, innovators and world-leaders.

​​​​​​​​​​​​​​​​​​​​​​​• For more information about the FII 2019 program and speakers, please visit the FII website

​​​​​​​​​​​​​​​​​​​​​​​• www.futureinvesmentinitiative.com

ENDS

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​​​​​​​​​​​​​​​​​​​​​​​• About the Future Investment Initiative Institute
Convened annually, the Future Investment Initiative (FII) is an international platform for expert-led debate between global leaders, investors and innovators with the power to shape the future of global investment. It is focused on utilizing investment to drive growth opportunities, enable innovation and disruptive technologies, and address global challenges.

• The third edition of FII will continue building active, global networks of influential decision makers to explore the emerging industries that will shape the global economy and investment landscape over the coming decades.

• FII has proven to be a substantial international platform for expert-led debate between investors, innovators and governments as well as economic leaders since it was launched in 2017. Building on the theme of ‘A Blueprint for the 22nd Century’, the second edition of FII in 2018 saw more than USD60 billion (SAR225 billion) worth of agreements announced over the three days of the event. These agreements included major investments across a range of sectors, including energy, housing, health and ICT. FII 2018 attracted more than 3,500 participants from 88 countries, including representation from eight heads of state and more than 20 international ministers. In addition, more than 2.6 million viewers worldwide followed FII 2018 through the event’s livestream.

• FII is powered by the Public Investment Fund, the Kingdom’s main investment arm and one of the world’s leading sovereign wealth funds.

• About PIF
About PIF The Public Investment Fund (PIF) is one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. PIF is building a world-class, diversified portfolio through investments in attractive, long-term opportunities across sectors and asset classes at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia, in line with Vision 2030. More information can be found at  ​www.pif.gov.sa ​