JEDDAH: The Saudi Public Investment Fund (PIF) has announced the second Future Investment Initiative (FII), which will take place on Oct. 23-25 in Riyadh.
The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment under three themes: Investing in transformation, technology as opportunity, and advancing human potential.
The FII was launched as an international platform for debate between investors, innovators, governments and economic leaders.
The inaugural event in 2017 saw more than 3,800 participants from more than 90 countries discuss topics such as energy, infrastructure, artificial intelligence, robotics and new growth areas.
The second edition aims to continue building active, international networks of influential actors to further explore emerging industries that will shape the global economy and investment environment over the coming decades.
The PIF “is developing into one of the world’s leading and most impactful sovereign wealth funds, and we look forward to continuing to build strong strategic partnerships while also showcasing the opportunity for private sector participation as… Saudi Arabia’s economy continues to expand and diversify,” said PIF Managing Director Yasir Al-Rumayyan.
The FII is being organized in the context of the Vision 2030 reform program, which is charting the path for the Kingdom to harness its investment capabilities and strategic location to become a global investment hub.
Further updates on the 2018 program, partners and speakers will be announced over the coming months.
Saudi Public Investment Fund announces 2nd Future Investment Initiative
Saudi Public Investment Fund announces 2nd Future Investment Initiative
- The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment
- The FII was launched as an international platform for debate between investors, innovators, governments and economic leaders
Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference
- Event on Feb. 8 and 9 will bring together ministers, governors of central banks, policymakers, economic experts and international financial institutions
- Emerging-market economies a ‘pivotal element’ in global economic system due to effect they have on growth and stability, says Saudi Finance Minister Mohammed Al-Jadaan
RIYADH: The second annual AlUla Conference for Emerging Market Economies, which Saudi Arabia will host next week, offers a platform to exchange views on global developments and discuss policies and reforms that support inclusive growth and strengthen economic resilience, the Kingdom’s finance minister said.
The event on Feb. 8 and 9 will bring together finance ministers, governors of central banks and policymakers, alongside economic experts and representatives of international financial institutions.
Organized by the Saudi Ministry of Finance in partnership with the International Monetary Fund, it takes place as emerging-market economies face mounting challenges amid rapid global economic change.
Finance Minister Mohammed Al-Jadaan said the decision to host the conference reflects Saudi Arabia’s ongoing commitment to efforts that support global financial and economic stability, and highlights the growing influence of emerging economies on worldwide growth.
Emerging-market economies represent a “pivotal element” in the global economic system due to the direct impact they have on economic growth and stability, he added.
“The AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments, and discussing policies and reforms that will support inclusive growth and enhance economic resilience, in light of broader international cooperation that contributes to confronting common challenges,” Al-Jadaan said.
Kristalina Georgieva, managing director of the IMF, said the event would help emerging economies deal with growing uncertainty driven by technological change, demographic shifts and geopolitical tensions.
“The AlUla conference provides a vital platform for emerging economies to discuss how they can navigate the risks and embrace the opportunities ahead,” she said.
“In these times of sweeping transformations in the global economy, policymakers face a more challenging and uncertain environment. Countries should work together to strengthen resilience through sound macroeconomic and financial policies.”
