The ninth edition of the Future Investment Initiative (FII9) conference, organized by the Future Investment Initiative (FII) Institute, concluded in Riyadh, marking a new record for attendance and investment deals. Held from October 27th to 30th under the theme “The Prosperity Key,” the event cemented its status as a pivotal global platform for investment, signing agreements valued at over $50 billion.
Record-Breaking Attendance and Global Participation
This year’s conference was the largest in the initiative’s history, drawing more than 9,000 representatives, 2,000 members, and 600 media professionals from 90 countries. The event featured 250 panel discussions with 650 speakers, including 20 heads of state, along with prominent ministers, CEOs, investors, and tech entrepreneurs from around the world.
A $50 Billion Influx Across Key Sectors
The four-day event resulted in the signing of investment agreements exceeding $50 billion. These deals spanned critical future-focused sectors, including artificial intelligence, advanced technology, renewable energy, and digital infrastructure.
Among the most significant announcements were renewable energy partnerships between ACWA Power, Aramco, and global utility companies. Additionally, major projects in AI and data infrastructure were unveiled, involving international firms like Humane, Qualcomm, and Blackstone alongside leading Saudi technology entities.
Cementing the Kingdom’s Investment Hub Status
During the conference, Yasir Al-Rumayyan, Governor of the Public Investment Fund and Chairman of the FII Institute’s Board of Trustees, announced a major milestone. He revealed that the FII platform has facilitated cumulative deals worth over $250 billion since its inception, significantly enhancing the Kingdom’s reputation as a premier global investment center.
Strengthening International Partnerships
The event also served as a stage for strengthening global economic ties. UK Chancellor of the Exchequer, Rachel Reeves, announced a new £6.4 billion ($8.4 billion) trade and investment package between the United Kingdom and the Gulf Cooperation Council (GCC) countries, aimed at bolstering trade and technology collaboration.
Technology and Innovation Take Center Stage
Technology and innovation were the undeniable focus of FII9. Speakers from the tech industry constituted 52% of all participants, with discussions heavily centered on the importance of artificial intelligence, robotics, advanced sovereign infrastructure, and their roles in shaping the future of investment. As the event concluded, the focus now shifts to executing the announced deals to generate new job opportunities, drive GDP growth, and foster a resilient innovation ecosystem.
About The Future Investment Initiative Institute
The FII Institute is a global non-profit foundation with an investment arm, dedicated to making a positive impact on humanity. Through its initiatives and the annual FII conference in Riyadh, it convenes global leaders, innovators, and investors to foster dialogue and collaboration on the world’s most pressing challenges and opportunities.
Source: Jawlah
