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Riyadh, Saudi Arabia, October 26 2023

Final day of FII7 in Riyadh sees detailed debate on AI and trillions in investments for environment unlocked ahead of COP28 summit

The final day of FII7 highlighted the new frontiers of investment and technology, focusing on space & aviation, biotech, cybersecurity, robotics, venture capital, start-up nations and more.

A special AI summit was undertaken, featuring a discussion in global AI regulations featuring Dr Eric Daimler, Co-Founder & CEO of Conexus, Michael Kratsios, Managing Director of Scale AI and H.E. Sebastian Kurz, Former Federal Chancellor of the Republic of Austria.

Other speakers included John Curtius, Founder Cedar Investment Management, Laurence Moroney, Lead AI Advocate and Google and Rami Qasem, EVP and Chief Commercial Officer, Beyond Limits.

The AI summit discussed recent data from Goldman Sachs Economics indicated that by 2025, AI-related global investment could reach $200bn, reflecting AI’s game-changing potential to revolutionize productivity and reshape business processes as it moves into broader economic and societal use.

Nicolas Carey, co-founder and Vice Chairman of Blockchain.com said “AI and the future of financial services will be highly correlated. It’s not coincidence that technologies like block chain and AI are emerging simultaneously,  they are highly symbiotic you need to have a lot of informatics and a lot of ability and ability to understand what these informatics are revealing to you.”

The discussions covered how global regulatory agencies, national legislators and standard development organisations are beginning to develop frameworks to maximize AI’s benefits to society, whilst mitigating known, and unknown, risks.

A special Global South Carbon Markets conference united stakeholders from the Global South under the banner of mutual collaboration to set a collective agenda and define desired outcomes ahead of COP 28.

The executive-level conference served as a platform for the Global South to come together with the shared goal of shaping the internal carbon market frameworks that align with their climate objectives and support biodiversity conservation, all within the context of advancing climate justice on a global scale.

On the final day of FII7, the Institute also unveiled its Inclusive ESG Tool and Score at the annual FII flagship conference to improve the quality of data on ESG in emerging markets and empower companies in these markets to receive financial flows. The initiative has been developed in partnership with ESG Book, a global leader in sustainability data and technology.

The FII Institute’s Inclusive ESG Tool has been developed to empower companies in these markets improve sustainability efforts and results while helping investors identify current and future performance leaders.

With the total of announcements made at FII7 reaching $17.9 Billion by the end of Day 3, the conference saw globally-relevant  announcements in a variety of sectors. The Public Investment Fund announced its partnership with Italian tire manufacturer Pirelli, committed to creating local manufacturing capabilities by building a tire manufacturing facility in Saudi Arabia. ACWA Power signed a financing agreement for a 240MW wind power project in Azerbaijan with the European Bank for Reconstruction & Development and OPEC Fund for International Development.

FII Institute also added two new investments to its portfolio – reaching a total of nine investments in international startups aligned with the Institute’s ESG goals. The first investment, Plant Squad, is the Latinx market leader for plant-based alternative proteins, offering authentic flavors and healthier formulations than its competitors. Ultim, the second investment, is a global innovator in hydrogen fuel cells.

Richard Attias, CEO of the Future Investment Initiative Institute: “Over the past three days we have had world leaders, titans of finance and experts in their field who have not only been discussing, but identifying and agreeing to radical action to improve the investment landscape, boost economies, galvanise support, and ultimately improve the world. FII is soon to move from the Middle East to the Far East with our FII PRIORITY Summit in Hong Kong December 7th and 8th and we will be continuing our mission to transform the lives – and futures – of human beings worldwide.”

ENDS

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.

In the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy, HRH Princess Reema Bandar Al Saud, Ambassador of the Custodian of the Two Holy Mosques to the United States, and member of the Board of Trustees of the FII Institute, announced today the launch of the WAVE initiative by FII Institute in partnership with the Ministry of Energy and its ecosystem. The WAVE Initiative aims to coordinate efforts to accelerate ocean regeneration and restore its environmental and ecological balance. The announcement took place during the 7th edition of the Future Investment Initiative conference, held in Riyadh during October 24-26, 2023.

The WAVE Initiative aims to support international efforts on ocean regeneration and preserving ocean sustainability, considering its vital importance in maintaining environmental and climate balance and its significant impact on the global economy.

WAVE will serve as a platform, connecting diverse stakeholders across geographies, industries, and sectors, to amplify their collective efforts. It will launch a set of programs to raise awareness, establish a digital information hub, accelerate innovations, support scientific efforts, and build partnerships to find solutions for pollution and achieve environmental balance in oceans.

HRH Prince Abdulaziz bin Salman, Minister of Energy, affirmed that the partnership of the energy ecosystem with the institute stems from its commitment to supporting all environmental solutions, reflecting the Kingdom’s ongoing commitment to supporting efforts in addressing climate change challenges. HRH also pointed out that the energy sector prioritizes environmental commitments and implements the highest global standards in this field.

On this regard, HRH Princess Reema bint Bandar stated, “Oceans and seas play a crucial role in the lives, health, and well-being of humanity, directly impacting the overall health, well-being, and economy of the world. This initiative seeks to build connections and harmony among various international efforts, aiming to achieve its ambitious and yet attainable goal of environmentally regenerating the oceans within one generation.”

She also noted that this initiative is launched with the support from FII Institute and the energy ecosystem, and it is in line with the United Nations Sustainable Development Goals and the Kingdom’s ambitious environmental efforts under Saudi Vision 2030 initiatives and related projects.

Princess Reema pointed out that WAVE aspires to become a global initiative gathering all stakeholders across the world since the challenges that the oceans face today are not confined to one geography but present a collective global challenges. She also expressed her gratitude for the partnerships between WAVE and various Saudi and international entities and welcomed other entities to “Join the WAVE” adding that “We are especially proud of the radical collaboration across industries as it highlights the intentional efforts to transform how organizations are prioritizing the health of our planet.”

Princess Reema further added that the “number of signed partnerships in the first phase of WAVE reflects the interest in finding solutions for the challenges the oceans face today due to its direct economic impact,” further stressing that “we need global awareness to balance between the development needs of various countries and ocean sustainability, as is clear in the example of recycling waste instead of ocean and river dumping that severely harms the environment and causes imbalance in oceans.”

It is noteworthy that the WAVE initiative was announced during a partnership signing ceremony in the presence of HRH Prince Abdulaziz bin Salman, Minister of Energy, Richard Attias, FII Institute CEO, H.E Faisal Al Ibrahim, Minister of Economy and Planning, and H.E Dr. Munir Eldesouki, President of King Abdulaziz City for Science and Technology (KACST).

The 22 partnerships are with: the Ministry of Economy and Planning, Saudi Aramco, SABIC, MA’ADEN, NEOM, and Red Sea Global as Anchor partners. The King Abdulaziz City for Science and Technology, Environment Fund, King Abdullah University for Science and Technology, the Alliance to End Plastic Waste and OceanX as Strategic partners. In addition, the partnerships included the Saudi Electric Company, the Saudi Water Sports and Diving Federation, the Saudi Esports Federation, the Saudi Premier League, Mukatafa, CORDAP, Oceans 2050 and Noon as Initiative partners.

Also, Tonomous by NEOM, the Arab National Bank, and WEConnect International as program partners.

Richard Attias, CEO of FII Institute, said “Our oceans, the heartbeats of our planet, are gasping under unparalleled threats. As a scuba diver, I can tell that every moment we delay, a piece of our marine soul withers. Yet, in these dire times lies a chance – not just to shield the intricate dance of marine life, but to embrace the vast promise of a harmonious blue economy. It’s more than an obligation; it’s our legacy for the children of tomorrow.”

The WAVE initiative will be guided by a council including HRH Prince Sultan bin Fahd bin Salman Al Saud, President of the Saudi Watersports and Diving Federation, Professor Carlos Duarte, an international expert in biological oceanography and marine ecology, and Alexandra Cousteau, an expert and global advocate for ocean restoration.

WAVE will strive to achieve its objectives through various programs under 5 pillars which are:

  1. Insights, building a global digital information hub that will facilitate scientific research and bridge the data gap in this field.
  2. Engagement, launching circular campaigns to raise awareness and mobilize efforts to tackle the challenges that impact the ocean and seas.
  3. Innovation, driving technological efforts and startup support to find solutions addressing ocean-related challenges, which would drive clean technology innovation and adoption.
  4. Thought Leadership, fostering global connections among thought leaders and strengthen partnership frameworks by organizing meetings and conferences.
  5. Resources, facilitating access to resources and establish connections between relevant entities and individuals through a digital hub.

Riyadh, 25 October 2023

Global poll sampling 50,000 people from 23 countries highlights increasing discontent across a range of issues.

A global survey commissioned by non-profit Future Investment Initiative (FII) Institute, in partnership with Accenture is released today.  It identifies predominant issues of concern to citizens across the world. 

The survey, known as the FII PRIORITY Compass, is an annual research exercise which polls individuals from a range of ages, backgrounds and countries, informing policy development and providing data for leaders, CEOs, policy makers, and organizations to identify with accuracy the sentiments of 60% of the world’s population.

The data plays a vital role in shaping year-round discussions, policy advisory, and investment decisions at the FII Institute.  The institute is dedicated to 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, common to communities across the world:

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. This research will inform these discussions by providing essential insights into the actual issues that impact everyday people.

FII7 happens one month after world leaders gathered in New York for the United Nations General Assembly (UNGA) and six weeks after G20 leaders met in New Delhi.  It happens four weeks before world leaders gather to discuss climate action at COP28.

Richard Attias, CEO of the Future Investment Initiative Institute says:

“The 50,000 people we surveyed in 23 countries give us unparalleled insights into what matters to humanity.  We will now investigate everything that we are hearing.  At FII7 next week our data-driven agenda will help formulate initiatives and develop resolutions for action. With many of the world’s leaders and biggest investors in the room we can play our part in shaping a better and safer world.”

ENDS

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 25, 2023

The FII Institute, the global non-profit organization that brings people together to deliver actionable solutions to the world’s most pressing challenges, is proud to announce the launch of four initiatives on three continents that will have long-lasting and sustainable impact for thousands of people in local communities.

In Brazil, FII Institute has partnered with ARCA, a grassroots community-based organization aiming to increase access to digital devices amongst youth, young adults and entrepreneurs in the oldest favela of São Paulo. The initiative will benefit 80 children and teenagers enrolled in school, 150 youths and adults in professional training, and 10 small business entrepreneurs. Some 8,000 people who live in the favela are involved in the initiative.

In Kenya, FII Institute has joined KenyaConnect to launch two initiatives in sustainability and education in rural Kenya.

In India, FII-Institute has partnered with Grameena Vikas Kendram Society in a project to provide sustainable drinking water to rural communities in Andhra Pradesh by providing clean drinking water in villages through installing advanced water filters. The project will directly benefit 225 families, or more than a thousand individuals, who currently face challenges in accessing clean water supplies.

Richard Attias, CEO of Future Investment Initiative Institute:

“FII Institute is proud to back these valuable projects, which will directly benefit thousands of people at the grassroots level. The Institute’s mission is to bring about meaningful and impactful solutions to real-world challenges, and these initiatives are the perfect illustration of that philosophy in action.”

ENDS

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 25 2023

At the Future Investment Initiative (FII), a global summit, in Riyadh today, leading international figures including ministers from Europe, the Middle East, and an African head of state looked at new principles that can help strengthen the international economy amidst the growing volatility and disruption seen over this decade. 

The second day of the FII, entitled A New Vision Manifest, gave a focus to the challenges and opportunities available to emerging economies.  Giving the stage to new “middle powers” such as, Brazil, Turkey, and South Africa, and the summit looked at ways to improve domestic economies and international trade amidst more challenging economic headwinds, and the ongoing need for critical climate solutions.

In the day’s major morning discussion, the Minister of Finance for the Kingdom of Saudi Arabia, H.E. Mohammed bin Abdullah Al-Jadaan, andH.E. Mehmet Şimşek, Minister of Finance, Republic of Türkiye along with ministers from the Kingdom of Bahrain and the United Kingdom explored how to improve global trade, which declined to 1.7% in 2023 from 2.7% in the previous year.

Kristalina Georgieva, Managing Director, International Monetary Fund said, “One of the big changes happening in a world of repetitive exogenous shocks – Covid, war, cost of living crisis – is the increase in our financial strength. Even in a world of more geopolitical tensions, we are able to take decisions to make the firm stronger.”

In a lunchtime special session, President Paul Kagame gave an address to delegates to highlight how his country has become a continental economic success story, but sounded a warning about what is required for the future.  President Kagame said: “We hope that more Africans can work together and make the investment as ourselves we made to others. It is also about cooperation.  I want Africa to be able to work with the rest of the world to benefit each other in the best way possible, based on choices that we make, as to how we can move forward”.

The second day of FII7 also featured a summit on AI and crucial discussions about how AI could and should be regulated, applied, developed and implemented in a wide range of applications for the benefit of human beings in areas such as health, finance and environmental management.

The theme of cross-cultural collaboration was also highlighted in an afternoon session featuring French footballer, Karim Benzema of Al-Ittihad and formerly of Real Madrid, and former FIA President and UN Secretary-General’s Special Envoy for Road Safety, Jean Todt.  The panellists discussed how governments and institutions can harness sport’s unparalleled influence to demonstrate visionary leadership, inspire citizens, and ultimately bring the world closer together.

Richard Attias, CEO of the Future Investment Initiative Institute said:

“This year, our data shows a dramatic drop in life satisfaction across the world. We surveyed 53,000 people in 23 countries and the results of our Priority Compass report make sobering reading. This data has informed many of the deliberations and conversations here at FII this week. With the world’s leaders and biggest investors in the room and innovation continuing apace, it is our responsibility to humanity to act with vigour and speed.”

ENDS

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 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:

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.”

-ENDS-

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:

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:

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.”

-ENDS-

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:

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.”

-ENDS-

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

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