Future Investment Initiative: Embracing Technology and Sustainable Development in Riyadh
The Future Investment Initiative (FII) in Riyadh from October 29 to 31 will focus on artificial intelligence and new technologies, showcasing a shift towards increased participation from the tech sector. Under the leadership of Richard Attias, the FII aims to address global economic challenges and foster sustainable investment, with a diverse representation of approximately 8,000 attendees expected.
DUBAI: The upcoming Future Investment Initiative (FII) conference in Riyadh, taking place from October 29 to 31, will prioritize discussions on artificial intelligence and the latest technological advancements. Richard Attias, the CEO of the FII Institute, indicated a significant pivot in this year’s conference, with a broader representation from the technology sector, particularly focusing on AI’s transformative impact across various industries. Traditionally attended by financial-sector representatives, this year’s shift sees an increase in participation from those in the tech industries, reflecting a global trend toward tech-driven economies. Attias expressed enthusiasm about the growing presence of technology innovators, noting, “AI is everywhere, and AI is now. And AI is disrupting almost all industries and all sectors.” The FII serves as a platform for global leaders, entrepreneurs, and policymakers to discuss future societal and economic transformations. Attias reflected on the initiative’s success since its inception in 2017, overcoming initial skepticism to facilitate deals worth $128 billion over seven years. This year’s gathering anticipates around 8,000 attendees from diverse sectors worldwide, as the model adapts to include satellite events promoting sustainable investment priorities. The Kingdom of Saudi Arabia’s strategic location as a host country for FII has been integral to its success, fostering discussions among global powers and positioning itself as a catalyst for innovation and economic diversification. Attias noted the Kingdom’s ambitious Vision 2030, aimed at shifting from an oil-dependent economy to a more varied economic landscape, enabling comprehensive discussions on multiple sectors. FII’s commitment to sustainable investment, particularly its newly developed ESG 2.0 framework, is poised to drive significant funding into crucial global challenges such as climate change and social inequality. Attias emphasized the necessity for this framework in unlocking investment opportunities within emerging markets, stating that an emphasis on long-term sustainable development is needed to positively affect quality of life. Moreover, despite the current geopolitical tensions worldwide, the FII remains a beacon of optimism and collaboration, encouraging necessary dialogues to foster stability and prosperity. Attias articulated that the intention behind the facility is not solely networking but generating actionable agreements, encouraging attendees to maintain a hopeful perspective amidst global challenges. The FII, representing a significant annual convocation, asserts the importance of continued engagement and cooperation to build resilience and contribute positively to global development.
The Future Investment Initiative (FII) is an annual conference established in 2017, widely regarded as an essential global forum for business and political leaders to address critical issues impacting industries and societies. The conference aims to facilitate dialogue and foster collaboration among innovators, CEOs, and policymakers, with a significant focus on emerging technologies and sustainable investments. Given the shifting global economic landscape, the role of such initiatives has become increasingly vital in promoting economic diversification and resilience.
In summary, the Future Investment Initiative conference signifies a pivotal shift towards embracing technological advancements and fostering sustainable investments. With increasing participation from the technology sector, the FII aims to address pressing global challenges while serving as a platform for fruitful engagement among global leaders. Through its focus on innovation and sustainability, FII aspires to create lasting impacts and inspire optimism in the face of complex global issues.
Original Source: www.arabnews.com
