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
Website: www.futureinvestmentinitiative.com
Social Media Platforms
Twitter: https://twitter.com/FIIKSA
LinkedIn: https://www.linkedin.com/showcase/18176488
YouTube: https://www.youtube.com/channel/UCXEQ3MCLUTyUv_Hk_XLyC6g
Hashtag: #FII2019
Media Contact: media@futureinvestmentinitiative.com
• 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
Riyadh, January 29, 2019: The 2019 edition of the Future Investment Initiative opened today in Riyadh with a series of debates around the future of investment involving leading global executives.
• The conference was opened by His Excellency Yasir O. Al-Rumayyan, Governor of the Public Investment Fund who welcomed delegates, saying that “like all great things FII began with a simple idea – to bring diverse leaders together to change the status quo.
• “In 2017 it was mainly the US, Europe and the Middle East Now you come from China, India, Americas, Japan, Russia, Africa. All united in a spirit of collaboration.
• “Until now FII has been an annual conference. Now it’s becoming an institute as well. It will be a place of continuous collaboration. A thought leadership platform and a global knowledge hub”.
• Among the issues discussed were how sovereign wealth funds are reshaping global investment, the challenges and opportunities of moving towards a more inclusive workforce and how investors can thrive in a multipolar world.
• Discussing the challenges faced by investors, Stephen A. Schwarzman, Chairman, CEO, & Co-founder, The Blackstone Group L.P. said: “We’re all dealing with more uncertainty than we were… Ten years ago you could make an investment and be reasonably sure that the basic model was going to remain intact. Now, whenever you make an investment you look at to see whether that company’s business model is resilient knowing its going to be challenged. You’re either going to be a disruptor or you’re going to be disrupted. Or maybe both at the same time.”
• Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited said: “The world is transiting… this is the first time that you have simultaneously four or five new technologies combined with digital that are really transforming the global economy. While it brings in uncertainty, it brings in tremendous opportunity.”
• Ray Dalio, Founder, Co-chairman and Co-Chief Investment Officer, Bridgewater Associates, noted that: “Technology, such as artificial intelligence, will increase productivity and it will also substancially increase the wealth gap.”• Discussing how businesses were increasingly driving innovation, Noel Quinn, Group Chief Executive, HSBC Holdings plc said: “I believe businesses feel more empowered and they are looking less and less towards global institutions, global politics to be the framework in which they operate… they’re designing their own solutions and they’re using technology to reach parts of the world they didn’t used to reach and open up new markets and open up new business models.”
• Among the other speakers featured on the first morning of FII 2019 were Larry Fink, Founder Chairman & CEO, BlackRock, Ray Dalio, Founder, Co-chairman and Co-Chief Investment Officer, Bridgewater Associates, 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, John Zhao, Founder, Chairman & CEO, Hony Capital, HE Khaldoon Khalifa Al Mubarak, CEO & Managing Director, Mubadala Investment Company, Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited and Michael Corbat, CEO, Citigroup.
• 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,
• website: www.futureinvestmentinitiative.com
• Social Media Platforms
• Twitter: https://twitter.com/FIIKSA
• LinkedIn: https://www.linkedin.com/showcase/18176488
• YouTube: https://www.youtube.com/channel/UCXEQ3MCLUTyUv_Hk_XLyC6g• rn Media Contact: media@futureinvestmentinitiative.com
• About the Future Investment Initiative 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 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 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 rn www.pif.gov.sa
Riyadh, 29 October 2019: The Future Investment Initiative (FII), powered by the Public Investment Fund of Saudi Arabia (PIF) launched its third annual edition today, immersing thousands of delegates from all over the world in a rich agenda focused on the future of global investment. Opening the conference, HE Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said of FII: “Here we don’t see politicians just talking politics. Asset managers just talking about assets. Philanthropists just talking about society. Here we bring it all together – diversity, cooperation and friendship. Connecting capital with ideas, building relationships and doing deals.”
• Mirroring this, today’s conversations focused on investment for impact, competitiveness in the new economy and the challenges and opportunities of moving towards a more diverse and inclusive workforce.
• Artificial Intelligence and the complexities arising from within the global digital landscape were also in focus during plenary discussions, with the first day featuring on-stage discussions with Alain Bejjani, CEO, Majid Al Futtaim Holding, Jim Breyer, Founder & CEO, Breyer Capital, will.i.am, Founder & CEO I.AM.PLUS.
• In an evening panel titled “What’s Next for India?,” Prime Minister Narendra Modi shared insights on the strategies needed to turn demographic, environmental, and supply chain challenges into opportunities for equitable growth and prosperity. Prime Minister Modi noted that for the third year running, India is among the most improved countries in the World Bank’s Doing Business report.
• Talking about Saudi-Indian ties, Modi said: “We feel a sense of belonging in each other’s homes” and thanked the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud for his invitation to Saudi Arabia for FII.
• His Majesty King Abdullah II of Jordan gave a special address to the audience, stating that “here in Saudi Arabia you will find an eager youth cohort, ready to play their part and incentivized by a leadership which speaks their language.”
• At the event, 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.
• Among the other speakers featured on the first day of FII 2019 were Rick Perry, Secretary of Energy USA, Jared Kushner, Senior Advisor to the White House USA, 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, Jin Liqun, President & Chair, Asian Infrastructure Investment Bank, David R. Malpass, President, The World Bank, HE Khaldoon Khalifa Al Mubarak, CEO & Managing Director, Mubadala Investment Company, Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited and Michael Corbat, CEO, Citigroup.
• 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
Day One in Quotes
• Frederic Oueda, CEO, Société Générale “We’re one of the pioneers of the UN financing initiative, which means contributing effectively to the financing of the energy transition and having precise strategies relating to asset management and investment products.”
• Michael Froman, Vice Chairman, Mastercard “Doing good isn’t just about feeling good, it’s good for businesses and that’s fundamental to our model.”
• will.i.am, Founder & CEO I.AM.PLUS “People think it’s impossible and no-one is willing to take the risk. I come from nothing so I know what living with nothing feels like. I come from a ghetto and I have a company that created an AI that’s being used by Deutsche Telekom for customer service.”
• Jacques Attali, President, Positive Planet Foundation “What is important today is to focus on investing in infrastructure with a social impact. This is a pre-requisite for a positive future.”
• Prime Minister Narendra Modi, India “Clear rules and fair systems are vital to the growth of the private sector.”
Website: www.futureinvestmentinitiative.com
Social Media Platforms
Twitter: https://twitter.com/FIIKSA
LinkedIn: https://www.linkedin.com/showcase/18176488
YouTube: https://www.youtube.com/channel/UCXEQ3MCLUTyUv_Hk_XLyC6g
Hashtag: #FII2019
Media Contact: media@futureinvestmentinitiative.com
• 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
• Riyadh, January 27, 2019: The Public Investment Fund of Saudi Arabia (PIF) today announced 49 partners who are playing a central role in the development and delivery of the third annual Future Investment Initiative (FII), which will take place in Riyadh from October 29th to 31st 2019.
• In addition to the event’s partners, PIF also announced that nearly 300 leading global decision-makers, investors and experts from more than 30 countries have been confirmed to speak at FII 2019. The speakers reflect the global perspective of FII, with significant numbers coming from North America (39%), Europe (20%), Asia (19%) and the Middle East (15%). More than 6,000 senior-level attendees have also registered their participation for the event.
• For more information about the FII 2019 program and speakers, visit the FII website at www.futureinvesmentinitiative.com
• FII 2019 partners fall into three distinct categories:
16 strategic partners who are helping to shape the overall direction and development of the event. They include Dow Chemicals, HSBC, Samsung, LuLu Group International, Reliance Industries Limited, DP World, Riyad Bank, Saudi Arabia Basic Industries Corporation, Saudi Arabian Airlines, The Red Sea Development Company, Aramco, STC, and Ma’aden.
11 knowledge partners, comprised of some of the world’s leading professional services and consultancy firms, who are tasked with curating and hosting FII’s 12 cross-sector taskforces, designed to explore emerging business and investment trends and to identify early-stage growth opportunities. They include Deloitte, Ernst & Young, KPMG, Palladium, PricewaterhouseCoopers, Strategy&, SIA Partners, and the World Ocean Council.
21 technology partners from across the world who will drive conversations about new and emerging trends in tech, while showcasing some of the latest cutting-edge innovations from the fields of Artifical Inteligence, Augmented Reality, robotics, connectivity, and more. They include Extreme E, Gravity, Green Impact, Hive, Huawei, Markable, Ping An Good Doctor, Pure Harvest, Riva GmbH Energy Solutions, SenseTime, SoftBank Robotics, and Virgin Hyperloop One.
• 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
•Partner Quotes:
AYousef A. Al-Benyan, Vice Chairman and CEO of SABIC, said: “The Future Investment Initiative (FII) reflects the ambition of Saudi Vision 2030 and better brings to life its aspiration for a vibrant society by fostering new co-operation to tackle global challenges. It has earned international recognition as one of the most important global events and a place for serious business.
“SABIC is making a compelling contribution locally and on the world stage and holds a leading role at this exciting point in Saudi Arabia’s transformation journey. We are proud to once again be a Strategic Partner for FII and look forward to the valuable opportunities that this global platform provides for investment, business, and state leaders”.
Abdullah Alnabhan, Regional Director, Middle East, Palladium said: “We’re looking forward to participating in FII2019 and discussing how technology, business models and consumer habits will need to evolve so we can sustainably feed future generations”.
Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Reliance Industries Limited is honoured to be a Strategic Partner at the FII. FII is an important forum with global thought-leaders to discuss and understand global trends in technology that will shape the future of several industries across the world”.
Hani Ashkar, PwC Middle East Senior Partner said: “Advances in technology and changes in consumer expectations have driven a shift in service standards and delivery models across many industries, including healthcare and tourism. As partners at the FII, we’re looking forward to exploring and uncovering the societal impacts of these changes”.
Pierre-Louis Brenac, Managing Partner at Sia Partners, said: “Sia Partners is honoured to share Its research and thought leadership at the FII 2019, and be selected by the PIF to illustrate the investment trends that shape the energy landscape and the economy of tomorrow”.
Mutasem Dajani, Deloitte Middle East’s incoming CEO, said: “Transformative technologies ─ such as digital, cloud, analytics, and artificial intelligence (AI) ─ are becoming increasingly prevalent and will have impact on all organizations and markets, whether they are prepared or not. Working with the PIF and as knowledge partners of the FII, we look forward to discussing insights on how businesses need to evolve towards setting smart, and AI driven strategies and plans.
Mr. Darren Davis, President and CEO of Ma’aden, commented: “Ma’aden is pleased to sponsor FII 2019. We have been supporting FII through our participation over the past few years, addressing some of the most important trends and challenges affecting the investment landscape today. This year’s themes are directly relevant to Ma’aden’s strategy for growth and development. We are here to address the complex challenges of global food security and how we can we can rise to meet these challenges through efficient, sustainable and equitable systems. As a national champion for the mining sector, partnerships are central to Ma’aden’s development and we look forward to engaging with participants from a broad spectrum of industries and markets at FII this year”.
Kevin Guo, Co-founder & CEO, Hive said: “FII is a paradigm-shifting event connecting captains of industry and visionaries to exceptional investment and networking opportunities. I am beyond impressed by the programming and individuals attending this event. It truly is the opportunity of a lifetime for technology leaders”.
Michael Hayes, Global Head of Renewables KPMG said: “As the reality of climate change and the challenge of achieving global decarbonisation on a vast scale becomes fully evident, we need to recognise the critical importance of accelerating sustainable energy innovation in helping to deal with this impending catastrophe – otherwise we are setting ourselves up for failure!”
Sky Kurtz, Co-founder and CEO of Pure Harvest said: “We are delighted to participate in the FII 2019 and to lend our expertise as part of the ‘EAT’ taskforce where we will explore trends & opportunities in the food industry, as well as share our incumbent insights into how technology will be used to tackle food security concerns in the Middle East. Since launching in late-2016, Pure Harvest Smart Farms has strongly demonstrated the potential for innovative controlled-environment agriculture solutions to overcome climate-induced import dependence, to diversify economies, and to help the Middle East to grow more with less. We are committed to expanding our footprint in the region beginning with Saudi Arabia and we look forward to meaningful discussions on this international platform”.
Acting Director General Saudi Arabian Airlines, Mr. Sami Sindi, said: “As a leader in cross-global transportation and logistics, SAUDIA is proud to be a strategic partner of FII this year, a gathering of the world’s leading thinkers, investors and innovators who will consider, among other topics, how investment will redefine the future of transportation and tourism. We look forward to contributing to this informative and important discussion, and to exploring what is next for these important sectors.
John Pagano, CEO of The Red Sea Development Company said: “As the developer behind the world’s most ambitious luxury tourism project, The Red Sea Development Company is proud to be a Strategic Sponsor of FII. This is an important global forum for international decision makers from the public and private sectors, as well as civil society, to discuss the future of global business. The event is instrumental in raising awareness of the many opportunities for growth within the Kingdom of Saudi Arabia and the wider global marketplace. We look forward to leading discussions related to the future of sustainable development, the growth of the tourism industry in the Kingdom and to share with interested investors the tangible progress that we are making toward creating a uniquely diverse luxury destination on Saudi Arabia’s Red Sea Coast”.
Tareq Al-Sadhan, Chief Executive Officer at Riyad Bank, stated: “We are delighted to announce Riyad Bank as a strategic partner for the 3rd edition of the Future Investment Initiative under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and the leadership of Crown Prince Mohammed bin Salman, considering such initiative to be of crucial importance to foster dialogue and build confidence among all parties concerned, including global business leaders, innovators, and government officials to adapt the latest trends in global investment as a step towards a promising future”.
Jay Walder, Chief Executive Officer, Virgin Hyperloop One, said: ““We are delighted to be returning to participate at FII this year, along with our investment partners DP World, and we have an amazing display to show guests how our technology will change the way they think about distance and speed. We will also be showcasing the results of a recent study conducted in the Kingdom showing the significant economic and job creation opportunities that comes with the deployment of a hyperloop system.”
• website: www.futureinvestmentinitiative.com
• Social Media Platforms
• Twitter: https://twitter.com/FIIKSA
• LinkedIn: https://www.linkedin.com/showcase/18176488
• YouTube: https://www.youtube.com/channel/UCXEQ3MCLUTyUv_Hk_XLyC6g
• Media Contact: media@futureinvestmentinitiative.com
• About the Future Investment Initiative
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.
• 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
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
Riyadh, 28 October 2019: The Public Investment Fund of Saudi Arabia (PIF) today announced a series of global heads of state and senior policy makers that will attend the third annual Future Investment Initiative (FII), which is taking place from October 29th to 31st 2019.
• The leaders reflect the international nature of the event, with officials coming from North America, Asia, Europe, South America, Africa and the Middle East.
• Among the highlights of the program will be a series of on-stage discussions with international leaders. On Tuesday, Prime Minister Narendra Modi will discuss ‘What’s next for India?’ with Ray Dalio, Founder, Co-Chairman & Co-Chief Investment Officer, Bridgewater Associates, while on Wednesday Brazilian President Jair Bolsonaro will discuss how a new global investment environment can put Brazil ‘back in business’.
• Wednesday will also see a special address from His Majesty the King of Jordan, and a plenary session in which H.E. Muhammadu Buhari, President, Nigeria; H.E. Mahamadou Issoufou, President, Niger; H.E. Uhuru Kenyattta, President, Kenya; and H.E. Denis Sassou- Ngeuesso, President, Congo-Brazzaville will discuss “What’s next for Africa?”
• Heads of State and Government leaders attending FII 2019 include:
President Jair Bolsonaro, Brazil
Prime Minister Christophe Joseph Marie Dabiré, Burkina Faso
Prime Minister Narendra Modi, India
His Majesty King Abdullah, Jordan
President Uhuru Kenyatta, Kenya
President Mahamadou Issoufou, Niger
President Muhammadu Buhari, Nigeria
President Julius Maada Bio, Sierra Leone
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 websitewww.futureinvesmentinitiative.com
ENDS
Day One in Quotes
• Frederic Oueda, CEO, Société Générale “We’re one of the pioneers of the UN financing initiative, which means contributing effectively to the financing of the energy transition and having precise strategies relating to asset management and investment products.”
• Michael Froman, Vice Chairman, Mastercard “Doing good isn’t just about feeling good, it’s good for businesses and that’s fundamental to our model.”
• will.i.am, Founder & CEO I.AM.PLUS “People think it’s impossible and no-one is willing to take the risk. I come from nothing so I know what living with nothing feels like. I come from a ghetto and I have a company that created an AI that’s being used by Deutsche Telekom for customer service.”
• Jacques Attali, President, Positive Planet Foundation “What is important today is to focus on investing in infrastructure with a social impact. This is a pre-requisite for a positive future.”
• Prime Minister Narendra Modi, India “Clear rules and fair systems are vital to the growth of the private sector.”
For more information:
• Website: www.futureinvestmentinitiative.com
• Social Media Platforms
• Twitter: https://twitter.com/FIIKSA
• LinkedIn: https://www.linkedin.com/showcase/future-investment-initiative/
• Instagram: https://www.instagram.com/fiiksa/?hl=en
• Flickr: https://www.flickr.com/photos/future_investment_initiative/
• YouTube: https://www.youtube.com/futureinvestmentinitiative
• Media Contact: media@futureinvestmentinitiative.com
• 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
Riyadh, 27 October 2019: Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and the leadership of HRH Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the Public Investment Fund (PIF), PIF has announced the high level program for the third annual Future Investment Initiative (FII), which will take place from October 29th to 31st 2019 in Riyadh, Saudi Arabia.
• This year, FII will again bring together decision makers, leading investors and global experts to explore future economic trends and opportunities, shed light on the future of industries, and discuss how investment can continue to drive overall global prosperity and development.
• Organized around the overall theme of ‘what is next for global business?’ the event will focus on three key pillars:
Sustainable future: Exploring new innovations and investment models that can support profit, people and planet
Technology for good: Business and policy frameworks that can guide the future growth of the tech industry
Advanced society: Cultural and organizational systems that can inspire humanity in the age of machines
• Alongside the main program, FII will also host three summits, looking at how changes in business, entertainment and society are driving innovation and creating investment opportunities:
Immersive work: How changes in technology, demography and business models are altering the nature of work,
Interactive entertainment: How innovations, globalization and consumer behaviors impact the worlds of sports, leisure and entertainment
Interconnected society: How governments around the world are attempting to integrate intelligent systems, advanced mobility, new educational models and greater cultural awareness into their cities and communities
• As part of FII goal to build relationships and encourage in-depth discussion, the event will host twelve cross-sector taskforces, designed to explore emerging business and investment trends and to identify early-stage growth opportunities. These taskforces will cover topics related to social, energy, climate, technology, healthcare, data, transportation, food, tourism, sport, retail and youth.
• 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. The last year edition of FII 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, healthcare 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.
• For more information about the FII 2019 program and speakers, please visit the FII websitewww.futureinvesmentinitiative.com
ENDS
• Website: www.futureinvestmentinitiative.com
• Social Media Platforms
• Twitter: https://twitter.com/FIIKSA
• LinkedIn: https://www.linkedin.com/showcase/future-investment-initiative/
• Instagram: https://www.instagram.com/fiiksa/?hl=en
• Flickr: https://www.flickr.com/photos/future_investment_initiative/
• YouTube: https://www.youtube.com/futureinvestmentinitiative
• Media Contact: media@futureinvestmentinitiative.com
• 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