FII to host summits on Africa, women empowerment ahead of 8th edition

Richard Attias, CEO and board member of the FII, at a media briefing in New York. SPA
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Updated 24 September 2024
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FII to host summits on Africa, women empowerment ahead of 8th edition

  • CEO and board member of the FII said that the future of jobs and health care will also be in the spotlight at the event
  • Richard Attias highlighted the significance of these summits during a recent media briefing in New York on the sidelines of the UN General Assembly

JEDDAH: Saudi Arabia’s Future Investment Initiative has announced that it will host two summits prior to its eighth edition, set to take place in Riyadh from Oct 29 to 31.

Both being held for the first time, one gathering will center on Africa, while the second, titled the “Horizon Summit,” occurring on Oct. 28, will focus on women empowerment and will be chaired by Princess Reema bint Bandar bin Sultan, the Saudi ambassador to the US.

Richard Attias, CEO and board member of the FII, said that the future of jobs and health care will also be in the spotlight at the event, which will be hosted at the King Abdulaziz International Conference Center, as per the Saudi Press Agency.

Under the theme “Infinite Horizons: Investing Today, Shaping Tomorrow,” this edition of the forum will facilitate discussions on how investments can drive a thriving and sustainable future, pushing the boundaries of what is possible for humanity.

This aligns with FII’s mission to create a purposeful present and a promising future, as well as its vision to bring together the brightest minds and most promising solutions to serve humanity. 

Attias highlighted the significance of these summits during a recent media briefing in New York on the sidelines of the UN General Assembly, where he emphasized that the events are designed to foster dialogue and collaboration on critical issues affecting global investment and development.

In a statement to SPA, Attias said: “We invited all international media outlets to take a closer look and learn more about the prepared program, speakers, and initiatives. We also explained what FII will offer in its eighth edition in Riyadh, based on indicators collected through a global survey of people’s priorities around the world.”

He added that FII’s eighth conference, with about 450 registered international media outlets and more than 40 media networks as partners, is expected to witness engaging dialogues.

He also said that more than 520 speakers, including global CEOs, have confirmed attending the event.

Attias further said that, for the first time, the Future of Jobs Index and the Healthcare Index were introduced, all under the umbrella of the FII, aiming to support humanity in the fields of health, sustainable development, and education, as well as in artificial intelligence and robotics.


Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

Updated 27 January 2026
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Work suspended on Riyadh’s massive Mukaab megaproject: Reuters

RIYADH: Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper at the center of a downtown development in Riyadh while it reassesses the project's financing and feasibility, four people familiar with the matter said.

The Mukaab was planned as a 400-meter by 400-meter metal cube containing a dome with an AI-powered display, the largest on the planet, that visitors could observe from a more than 300-meter-tall ziggurat — or terraced structure —inside it.

Its future is now unclear, with work beyond soil excavation and pilings suspended, three of the people said. Development of the surrounding real estate is set to continue, five people familiar with the plans said.

The sources include people familiar with the project's development and people privy to internal deliberations at the PIF.

Officials from PIF, the Saudi government and the New Murabba project did not respond to Reuters requests for comment.

Real estate consultancy Knight Frank estimated the New Murabba district would cost about $50 billion — roughly equivalent to Jordan’s GDP — with projects commissioned so far valued at around $100 million.

Initial plans for the New Murabba district called for completion by 2030. It is now slated to be completed by 2040.

The development was intended to house 104,000 residential units and add SR180 billion to the Kingdom’s GDP, creating 334,000 direct and indirect jobs by 2030, the government had estimated previously.

(With Reuters)