Riyadh, October 24 2023
- Delegates call for new global compass to boost economic environment and supercharge renewable energy investments
- CEOs warn that geopolitical environment presents major challenges ahead but compelling investment opportunities abound
- World Bank President Ajay Banga commits resources to tackling climate change in addition to eradicating poverty, as summit wrestles with a new vision for humanity
The opening day of the seventh Future Investment Initiative (FII7) saw a firm focus on how the global community can successfully navigate the emerging new norms of relations amidst instability, climate concerns and social inequality with delegates agreeing with calls for a new “global compass” in order to incentivise and support investment opportunities.
Leading a panel of changemakers, that included Jamie Dimon, Chairman & CEO, JP Morgan Chase & Co and Laurence D. Fink, Chairman & CEO, BlackRock, H.E. Yasir Al-Rumayyan, the Governor for Saudi Arabia’s Public Investment Fund, outlined a course through these unmapped waters, and how to convert challenges into opportunities for growth, impact, and resilience, particularly in relation to the Kingdom’s renewable energy ambitions.
H.E. Yasir Al-Rumayyan said: “What we are doing in KSA is a good model for the world. By 2030, we want 50 per cent of our power generation to be based on renewable energy and the other 50 per cent will be based on gas which emits less than liquid. We have to invest more in renewable energy. If you look at the targets, by 2045, $283 trillion dollars that need to be invested cumulatively from 2020”
Ray Dalio, Founder, CIO Mentor & Member of the Board, Bridgewater Associates, LP said: “What we see today and as we go into US elections which are going to be over irreconcilable differences over wealth and power. Look at geopolitical issues and climate issues. Climate issue will cost us $5-10 trillion dollars a year in world GDP. It must be addressed.”
Jamie Dimon, Chairman and CEO of JP Morgan said “Fiscal spending is higher than it’s ever been in peacetime, by a significant margin. A 25 basis-point rate hike won’t make much of a difference, but a 100 basis-point shift across the yield curve would. What we see today resembles the 1970s—a lot of spending. Governments are pushing for ESG, but without implementing carbon taxes or a rational strategy.”
With energy a major theme for the day, the crucial need to supercharge the transition to greater greener energy leads the FII’s special Energy Summit. This explored the extent to which the Paris Agreement goals can align with economic growth, the role technology is likely to play in eliminating greenhouse gases, and the pace of global decarbonization.
HRH Prince Abdulaziz bin Salman AlSaud, Minister of Energy for the Kingdom of Saudi Arabia issued a clarion call said: “The Kingdom has demonstrated not just a transition, but an aspiration to be a model for how a hydrocarbon economy can evolve. We’re aiming for the trilemma: energy security, affordability, and economic growth. On the sustainability front, our commitment to the Paris Agreement is unwavering. We not only signed it, but meticulously negotiated every detail. Execution of these commitments isn’t optional; it’s obligatory.”
Ajay Banga, President of the World Bank added: “The new mission of the World Bank is to focus not just on eradicating poverty and sharing prosperity, but on [ensuring] a liveable planet and addressing the world’s intertwined crises and challenges.”
At the Future Investment Initiative summit underway in Riyadh (24 -26 October) 6,000 leaders, investors and innovators from around the globe are taking part in over 200 panels and discussions designed to tackle the biggest issues facing humanity’s health, prosperity and survival.
Richard Attias, CEO of the Future Investment Initiative Institute said: “The future of values for humanity is a future that embraces empathy, inclusivity, tolerance, knowledge, ethics and peace. It is a future where we recognize our shared responsibility to care for our planet and each other.”
For media inquiries, please contact:
Phone: +966 53 978 2030
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.
Riyadh, Saudi Arabia, October 24 2023
At the Future Investment Initiative (FII) in Riyadh today, a global summit, leaders and investors have today resolved to tackle ESG shortcomings in the form of a Resolution to Increase ESG Investment in Emerging Markets.
The Resolution to Increase ESG Investment in Emerging Markets, will see the FII Institute convening leaders and investors from the west, east and Global South to take collective action on inequities in current ESG frameworks.
Emerging markets are home to 86% of the world’s population and responsible for 58% of global GDP, yet they receive less than 10% of all ESG investments. As the growth engine of the future this is far from the scale necessary for sustainable growth and insufficient to meet the $2.5 to $3.7 trillion annual investment gap needed to address the UN’s Sustainable Development Goals (SDGs) in developing countries.
Recognising current limitations of ESG data tools, the Resolution calls for:
- Commitment by FII Institute partners to implement an inclusive ESG methodology with the goal of increasing AUM in Emerging Markets to 30 per cent of global sustainability portfolios by 2030;
- Urgent adoption of international sustainability disclosure standards across emerging and developed markets;
- Recognition of the forthcoming roll-out of the International Sustainability Standards Board IFRS-1 and IFRS-2 as crucial steps that will improve ESG inclusiveness and data quality;
- market participants to report and provide the data the world needs to make better and more efficient investment choices.
The FII Institute will continue to use its convening power to promote the agenda of inclusive ESG in PRIORITY Summits around the world to exhort government and the private financial sector to meet this challenge.
Richard Attias, CEO of the Future Investment Initiative Institute said:
“A bias at the centre of the world’s most dominant ESG ratings is taking $trillions away from developing markets, which are the growth engines of the global economy. Existing ESG data tools discriminate against tme in favour of developed markets. If they are to ever fulfil their original purpose of powering a more sustainable future, we need widespread adoption of inclusivity, so ESG truly benefits every country, every region, and the entire world.”
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For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit 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, Saudi Arabia, October 24 2023
The FII Institute, a global non-profit foundation dedicated to tackling global issues by convening global leaders from private and public sectors, has today resolved to tackle AI risks in the form of a Resolution on AI and Humanity.
At the Future Investment Initiative summit underway in Riyadh (24 -26 October) 6,000 leaders, investors and innovators from east, west and Global are taking part in over 200 panels and discussions designed to tackle the big issues facing humanity, including the acceleration of AI and related technologies.
With global concerns running ahead of government and private sector action on governance and regulation of AI, and with notable industry leaders themselves expressing disquiet, an urgent need for immediate and robust global action has been identified at FII. Threats identified include:
- The erosion of information reliability and security and potential malign impact on elections (4Bn people are due to vote in elections in 2024);
- Lowering of barriers to creation of chemical and bio weapons (for example an AI system recently generated 40,000 candidate chemical warfare agents);
- Global cyberattacks are increasing, in 2022 by 38%.
A unified and inclusive governance regime for AI is urgently needed. It has been identified that until there is global alignment on AI development and regulation, risks will remain.
The resolution sets out urgent actions on AI:
- Deeper policy collaboration between industry and government, fostering transparency & accountability, as well as reporting mechanism for failures and risks;
- A unified global and inclusive AI governance regime, including appropriate representation of emerging markets;
- Active investment in skills development and social safety nets to ensure just transition for workers displaced by AI (automation will displace between 400 and 800 million jobs by 2030)
- Establishment of adequate global response capability to address risks;
- Greater commitment, transparency, and accountability by AI companies, reducing AI risks by focusing on security and by adopting a safety-level based approach for the development of future AI models;
- Need for a shared vision of the positive future that can be enabled by this technology.
FII will establish an AI Coalition, bringing together investors, corporations, government leaders and academics from developed and emerging markets to engage in a frank and candid dialogue on the critical issue of AI alignment.
The FII7 summit takes place a month after AI issues were addressed at the G20 summit in New Delhi and at UNGA in New York. It takes place one week before the UK hosts an AI safety summit at the UK home of codebreaking and computing, Bletchley Park. This positions FII’s deliberations on AI within a live ongoing global conversation.
Richard Attias, CEO of the Future Investment Initiative Institute:
“It is absurd that tech companies and governance mechanisms in China, the US, EU, UK and Global South are so divergent on the threats and opportunities. The AI market is projected to reach up to $1.8Tn. AI stands poised to resolve some of our toughest challenges. But it can also create major global risks if we don’t urgently align AI with the needs of humanity. AI is about to transform global societies and economies and the world needs to get to grips with this quickly.”
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For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit 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, October 24, 2023
The FII Institute, the global non-profit organization that brings people together to deliver actionable solutions to the world’s most pressing challenges has announced a Resolution to tackle six of the top concerns identified during a major global survey of 50,000 people from 23 countries, highlighting increasing discontent across a range of issues.
This year’s FII PRIORITY Compass report identifies six key issues, common to communities across the world:
- 65% are distressed about the cost of living and its impact on quality of life
- 55% are concerned about social inclusion
- 53% are worried about climate change
- 49% are concerned about governance issues affecting society
- 44% consider healthcare a top priority
- 34% believe that technology is a top priority for humanity
In response to this, the FII resolves to promote quality education and digital literacy to enhance employability and inclusion, support transition to efficient and renewable energy and encourage equitable and inclusive healthcare through innovation.
The Institute will achieve this by reinforcing our collective thought leadership to better understand and address humanity’s most pressing priorities, bring world leaders together to align on how to take tangible actions and identify and invest in cutting-edge solutions and locally-led initiatives.
At the FII7 summit currently underway in Riyadh (24 -26 October) 6,000 leaders, investors, experts, academics and innovators are taking part in over 200 panels and discussions designed to tackle the big issues facing humanity.
Richard Attias, CEO of Future Investment Initiative Institute said “These are troubling times for people across the world who face uncertainty on almost all fronts – from their finances to the future of the planet. FII is committed to setting in motion firm action to tackle these concerns – using our convening power to bring together changemakers, innovators, policymakers and investors to not only discuss and strategize but to act, and this Resolution is a signifier of that intent.”
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For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit 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, October 18 2023
Heads of state, CEOs, financiers, and policy experts, to convene in light of rising global economic and geopolitical unrest.
The Future Investment Initiative, Riyadh 24-26 October will unite leaders in finance, technology, and climate to address global challenges. The summit will tackle issues including economic implications of current world conflicts, the role of climate change and governmental actions prior to COP28, strategies for leveraging AI, technology, education, and health for a better global society.
His Excellency Yasir Al Rumayyan, Chairman of the Future Investment Initiative and Governor of the Public Investment Fund, will discuss the role of investment in combating climate change, ensuring technology benefits all, and equitable access to resources.
Day one will features an Energy Summit, investigating the extent to which the Paris Agreement goals can align with economic growth, technology’s part in eliminating greenhouse gases, and the pace of global decarbonization.
A line-up of technology experts at FII will examine AI’s potential benefits, the need for global regulatory measures for user data privacy, and AI’s potential in improving global nutrition.
An ‘Innovation Hub’ will focus on the future of GPT, Web3 adoption, advancements in autonomous robots, and unlocking quantum computing’s potential.
Significantly, FII7 takes place amidst a series of global events, including the UNGA in New York, G20 in New Delhi, and UNFCCC MENA Climate Week in Riyadh. Its timing before COP28 highlights FII’s crucial role in the ongoing global discourse.
Richard Attias, CEO of the Future Investment Initiative Institute, says “global collaboration, in person dialogues and debates have never been more important than in these turbulent times. I urge leaders, innovators and investors around the world to adopt a shared ethical approach to challenges.”
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.
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: Media@fii-institute.org
Leading global organisations from business, academia and public policy are supporting an ongoing programme of research, investment and platforms to address global challenges including economic stability and growth, equitable development, climate change investment, the environment, and the acceleration of technologies including AI, and their impact on education and health.
This year’s activities will culminate in three days of focused discussion about challenges facing humanity to take place in Riyadh between 24-26 October during the FII7 conference. Over six thousand delegates including world leaders, ministers, CEOs, investors, founders and public policy experts will attend the globally-recognized platform.
The line up of FII Institute partners for 2023 is stronger than ever before.
Alongside ‘founding partner,’ the Public Investment Fund (PIF) of Saudi Arabia, and ‘vision partner,’the Ministry of Investment of Saudi Arabia,a group of 23 ‘strategic partners’ support the ongoing programmes, initiatives, and mission of the FII Institute throughout the year.
Aramco, Diriyah, Emaar, GFH, HSBC SAB, KAFD, Ma’aden, NEOM, New Murabba, PepsiCo, Red Sea Global, Riyad Bank, ROSHN, The Royal Commission for Al Ula, SABIC, Sanabil Investments, Saudi Electricity Company, SNB, SoftBank Vision Fund, Standard Chartered, State Street, stc, THIQAH, and Vision Invest as strategic partners of FII Institute and its programmes.
‘FII7 Partners’ include Dr. Sulaiman Alhabib and SAUDIA.
Insights, thinking, and dedicated panel discussions are supported by ‘knowledge partners’, from leading consultancies, universities and institutions: Accenture, Bain & Company, BCG, Deloitte, EY, the Bill and Melinda Gates Foundation, Gavi, The Global Fund, Kearny, KPMG, McKinsey, Nature, Strategy&, and UNICEF.
‘Academic partners,’ including King Abdullah University of Science and Technology (KAUST) and Stanford University, will be contributing to the discussion and to the FII Institute’s year-long programmes.
Richard Attias, CEO of the Future Investment Initiative Institute said:
“Our partners are what make the FII Institute community so impactful. Every year our line-up of partners goes from strength to strength. This year, we are proud to recognise partners from 42 leading global corporations, universities and institutions. Our partners reflect an unparalleled concentration of great minds and leaders, and alongside this community, the Institute is making strides towards our only agenda: Impact on Humanity.”
About the Future Investment Initiative 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.
Press contacts:
+966539782030 – media@fii-institute.org
Riyadh, October 11, 2023– In a signing ceremony that took place today, the King Abdullah Financial District Management and Development Company (KAFD DMC) announced its strategic partnership with the Future Investment Initiative (FII) Institute. This groundbreaking collaboration solidifies their commitment to driving transformative change, bolstering economic resilience, and harnessing innovation to address society’s challenges.
As a cornerstone of Riyadh’s economic ambitions, KAFD stands as the world’s largest Platinum LEED (Leadership in Energy and Environmental Design) certified mixed-use business district, boasting over 40 Silver and Gold LEED certified buildings. Managed by KAFD DMC, it encompasses 1.6 million square meters of cutting-edge office spaces, world-class venues, and iconic luxury residences, redefining urban living, working, and leisure experiences.
In this partnership, KAFD DMC and FII Institute will embark on a journey of innovation, knowledge sharing, and economic empowerment. Through collaborative initiatives, joint programs, and impactful projects, the aim is to position Saudi Arabia, particularly Riyadh, as a global epicenter for finance, technology, and innovation.
Expressing his enthusiasm for the partnership, Gautam Sashittal, CEO of KAFD DMC, commented, “As a global platform, FII Institute’s community, comprising CEOs, policymakers, academia, investors, and influencers, is collectively addressing some of today’s most pressing issues. KAFD eagerly anticipates contributing to this global impact on humanity while promoting innovation and participating in a dynamic platform for global investors.”
CEO of FII Institute, Richard Attias, celebrated the partnership, stating, “KAFD’s sustainable smart city solutions and economic diversification objectives align perfectly with the FII Institute’s commitment to innovation. This strategic partnership is a welcome addition ahead of the FII 7 conference, and we look forward to collectively making a significant impact on humanity alongside KAFD and our global partners.”
The FII Institute has announced the theme for its upcoming 7th Edition of the Future Investment Initiative: “The New Compass,” scheduled to be held in Riyadh from October 24 to October 26, 2023.
Anticipated to draw 5,000 delegates to be inspired by 500 speakers covering a diverse range of timely topics, this year’s conference continues to prioritize data-driven discussions, reflecting the significance of objective data in enriching these conversations.
About FII Institute
FII Institute is a global, non‑profit foundation driven by data with one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn
ideas into real-world solutions and actions in four critical areas: AI & Robotics, Education, Healthcare, and Sustainability.
About KAFD
Situated in Riyadh, KAFD is an iconic business and lifestyle destination with state-of-the-art physical and digital infrastructure. The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), established in 2018. It is a wholly owned subsidiary of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia. KAFD’s 95 buildings, designed by 25 world-leading architectural firms, have reshaped the skyline of Riyadh. The vibrant mixed-use district offers a range of experiences across its area of 1.6 million square meters. It is the most significant development globally to achieve LEED Platinum certification, the highest accreditation from the USGBC (U.S. Green Building Council), which recognizes KAFD as a global leader in sustainability.
For further details about KAFD, please visit www.kafd.sa
Media Contact
Please address any inquiries to media@kafd.sa or via phone number: +966 11 814 0015
For more information, follow KAFD on:
RIYADH – 10 October 2023 – THIQAH has announced its strategic partnership with the Future Investment Initiative (FII) Institute, joining the Institute’s list of international partners ahead of the 7th edition of its flagship FII conference in Riyadh to be held October 24-26, 2023.
Signing the partnership agreement at the ceremony were Rakan Tarabzoni, COO of FII Institute, and Dr. Talal Aljedaibi, Deputy CEO of THIQAH, in the presence of Richard Attias, CEO of FII Institute and Ayman Alfallaj, CEO of THIQAH.
FII Institute is a leading nonprofit foundation with an investment arm and one agenda: “Impact on Humanity.” Global, inclusive and driven by data, it fosters great minds from around the world and turns ideas into real-world solutions and actions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
The Institute’s aim is to work towards finding real-world solutions to today’s most pressing challenges. Along with its partners, FII Institute convenes leaders and changemakers from business, investment, government, NGOs and beyond to explore and address the top economic, political and social trends and challenges of today.
Through this partnership, THIQAH and FII Institute will collaborate on key initiatives and projects that will contribute to furthering positive impact, aligned with their mutual values of innovation and sustainability.
Ayman Alfallaj, CEO of THIQAH, highlighted: “We are delighted to join FII Institute as a strategic partner. There is significant alignment between THIQAH’s strategy and FII Institute’s objectives and sustainability impact area. At THIQAH, we believe in forging strategic partnerships with entities that have a global impact. This partnership serves as a strong motivation for us to continue leading the tech sector in Saudi Arabia and to develop innovative digital solutions that can make a difference around the world.” Richard Attias, CEO of the FII Institute, added: “We are welcoming strategic partners from some of the largest organizations across the globe to join us in vital and urgent conversations to make an Impact on Humanity, not just during FII7, but throughout the year. We are pleased to welcome THIQAH as our newest strategic partner, which utilizes innovation to deliver its impact to both the public and private sectors.”
About the Future Investment Initiative 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 THIQAH
With THIQAH comes the power of technology, enabling change to create a long-lasting value and mutual success through innovation by revolutionizing industries aiming to unlock the true potential. In this transformative journey, experience the power of elevated success. By serving as the ultimate catalyst, nurturing the growth and success of businesses by harnessing the transformative capabilities of regulation technology and digital products. Through our expertise and cutting-edge solutions, we aim to elevate industries to new heights, empowering organizations to thrive in an ever-evolving digital landscape.
With our visionary approach and expertise, we are the trusted partner that can be relied on to navigate the ever-evolving digital landscape. Unlocking the potential of regulation technology and digital products, propelling businesses towards a future of limitless possibilities.
Riyadh, Saudi Arabia: PepsiCo, the global Food and Beverage (F&B) company, has announced its strategic partnership with the Future Investment Initiative (FII) Institute, joining the Institute’s list of international partners.
FII Institute is a leading nonprofit foundation with an investment arm and one agenda: “Impact on Humanity.” Global, inclusive, and driven by data, it fosters great minds from around the world and turns ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
The Institute’s aim is to work towards finding real-world solutions to today’s most pressing challenges. Along with its partners, FII Institute convenes leaders and changemakers from business, investment, government, NGOs and beyond to explore and address the top economic, political and social trends and challenges of today.
The partnership will see PepsiCo and FII Institute launch a one-year strategic agreement. The two entities will work together to establish a range of initiatives and programs advancing economic development, and empowering communities. The partnership will also place an emphasis on promoting sustainability, a key focus area for both entities.
Aamer Sheikh, Chief Executive Officer MENA, PepsiCo, said: “Our partnership with FII Institute and participation at the flagship FII conference this year underscores our unwavering dedication to nurturing innovative growth. At PepsiCo, we eagerly anticipate the opportunity to connect with visionary leaders and essential stakeholders, as we embark on an exciting journey to propel transformative change. By harnessing our collective strengths, we will revolutionize consumer experiences, champion sustainability, and lead the way towards a more resilient and prosperous future.”
Richard Attias, CEO of the FII Institute, added: “Over the years, we have cultivated an expansive network of international partners equally committed to making an Impact on Humanity. We are pleased to welcome PepsiCo as our latest partner and look forward to working closely with the F&B leader to drive transformation and propel our initiatives even further.”
As a strategic partner, PepsiCo will showcase its many sustainable initiatives, including pep Positive — its strategic end-to-end transformation with sustainability at the center of how the company creates growth and value — at the 7th edition of the Future Investment Initiative (FII) in Riyadh happening later this month.
The F&B leader is also set to announce new initiatives introduced at this year’s conference, through multiple engagements.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, and Quaker. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit 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 in four critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
Riyadh, October 24, 2023 — The 7th Edition of the Future Investment Initiative (FII), slated to take place from October 24th to 26th, 2023, in Riyadh, will convene an exceptional gathering of world leaders, industry titans, financiers, innovators, and policymakers. Themed “The New Compass,” this conference will address pressing global challenges in the realms of Climate, Economy, and Technology.
The Future Investment Initiative has consistently been a catalyst for crucial discussions around the macroeconomic challenges faced by societies worldwide. This year, the conference will tackle pivotal issues, including climate change, the role of governments, and the transformative potential of technology, education, and healthcare in creating a fairer, safer, and more prosperous world where humanity thrives.
The opening debate, curated as a board of change makers will host notable attendees as H.E. Yasir Al-Rumayyan, Governor of PIF and Chairman of the FII Institute, Ajay Banga, President of the World Bank, along with influential figures such as David Rubenstein (Carlyle), Ray Dalio (Bridgewater Associates), Jamie Dimon (JP Morgan Chase & Co), Larry Fink (BlackRock), Jane Fraser (Citi), Dr. Patrice Motsepe (African Rainbow Minerals), Noel Quinn (HSBC Holdings), Neil Shen (Sequoia Capital), David Solomon (Goldman Sachs), Shemara Wikramanayake (Macquarie Group), Mukesh Ambani (Reliance Industries), and Bill Winters (Standard Chartered), among others.
With over five thousand delegates in attendance, including leaders in finance, policymaking, and technology, the conference aims to foster global cooperation. Leaders from Asia, Europe, South America, and Africa will discuss the shifting dynamics of power and influence, emphasizing the necessity of international collaboration to address the world’s most pressing challenges.
Tech leaders from around the globe, including founders, CEOs, venture capitalists, and investors, will explore how accelerating technological advancements can be harnessed for the greater good. Sessions will delve into topics like AI, space exploration, cleantech, healthtech, electric vehicles, robotics, LIDAR technology, biotech, longevity, transhumanism, E-sports, Africatech, nanotech, foodtech, and smart cities. The discussions will focus on de-risking threats and ensuring that technological progress serves as a positive force, promoting prosperity, minimizing harm, and ensuring equitable access.
Parallel to the conference, an AI Summit will delve into generative AI innovations, addressing legal considerations and issues ranging from risk management to national security.
H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund and Chairman of FII Institute, expressed, “As we convene this gathering of world leaders at this critical time in history, the planet, the global economy and society face a convergence of challenges. These include global economic stability and growth, the environment, and the acceleration of technological breakthroughs including generative AI, education and health. The discussions on the agenda will help shape the future of humanity.”
Richard Attias, CEO of the FII Institute, emphasized, “The theme of FII7, ‘The New Compass,’ serves as guidance for capturing the essence of a new global world that is rediscovering its bearings in the realm of investment. We will also talk about citizens’ priorities which should guide our strategies. I cannot wait to welcome our community of explorers.”
For media inquiries, please contact:
Phone: +966 53 978 2030
Email: media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global nonprofit 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.