The 8th edition of the Future Investment Initiative (FII8) 2024 has kicked off in Riyadh under the patronage of Custodian of the Two Holy Mosques King Salman. The event brings together world leaders, CEOs, and decision-makers to discuss strategies for addressing global challenges in a borderless, connected world. Governor of the Public Investment Fund (PIF), Chairman of Saudi Aramco and Chairman of the FII Institute Yasir Al-Rumayyan inaugurated the summit, highlighting the importance of purposeful investing in the future of humanity. The event aims to highlight pressing global challenges and investment opportunities that require innovative solutions and collaboration between the public and private sectors.
Al-Rumayyan emphasized the need for strategic investments in emerging markets to drive the global economy, pointing out that investments with a positive impact on society and the environment are the most sustainable in the long run. He highlighted the pivotal role of Saudi Arabia in driving purposeful investment due to its unique resources and strategic location. The energy sector was identified as a key sector requiring purposeful investment, particularly in transitioning to a low-carbon economy and achieving a balance between current energy needs and future sustainability.
The FII8 represents an opportunity to transform challenges into opportunities and build a prosperous future for the global economy and humanity as a whole through purposeful investment and international cooperation. Richard Attias, CEO of the Future Investment Initiative Foundation, stressed the importance of collective efforts to create a more inclusive and sustainable world. He called on leaders to think beyond the horizon and embrace the unlimited future, challenging boundaries and working towards a better tomorrow for all. The summit’s theme, “Infinite Horizons,” embodies the commitment to leading the conversation towards a future where investment knows no boundaries and contributes to a better future for all.
The Future Investment Initiative has become a transformative force in the world of investment since its launch in 2017, facilitating deals worth more than $125 billion and driving action and progress. The event aims to bring together more than 7,000 participants and 600 global speakers to address interconnected global challenges and highlight investment opportunities that can lead to progress and innovation. This year’s conference focuses on challenges such as rising living costs and healthcare disparities, underscoring the importance of investing in the future with purpose and ambition.
Al-Rumayyan predicted that emerging market economies will outpace developed markets by 2030, highlighting the potential for strategic investments in areas that will drive the global economy. Investments that have a positive impact on society and the environment have proven to be the most sustainable in the long term, with emerging markets demonstrating the ability to achieve profitable returns while stimulating sustainable development. The Kingdom of Saudi Arabia, with its unique resources and strategic location, is well-positioned to drive purposeful investment in vital areas such as the energy sector and pave the way for progress and prosperity for future generations.
As the event unfolds, participants will have the opportunity to engage in discussions and collaborations that can lead to transformative investments and sustainable development. Through purposeful investment and international cooperation, the goals of sustainable development can be achieved, creating a better world for future generations. The theme of “Infinite Horizons” serves as a reminder of the unlimited possibilities that lie ahead and the importance of expanding collective vision to embrace the challenges and opportunities of the future. The Future Investment Initiative is poised to be a catalyst for change and progress in the global economy and society as a whole.
