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5,000 Participants from 90 Countries to Join ‘FII’ Forum in Riyadh

The ‘Future Investment Initiative’ forum in its sixth edition in Riyadh, Saudi Arabia (SPA)
The ‘Future Investment Initiative’ forum in its sixth edition in Riyadh, Saudi Arabia (SPA)
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5,000 Participants from 90 Countries to Join ‘FII’ Forum in Riyadh

The ‘Future Investment Initiative’ forum in its sixth edition in Riyadh, Saudi Arabia (SPA)
The ‘Future Investment Initiative’ forum in its sixth edition in Riyadh, Saudi Arabia (SPA)

Themed “The New Compass,” the seventh edition of the Future Investment Initiative (FII) forum is scheduled to take place in Riyadh on Oct. 24 -26.

The event will see the participation and presence of global leaders, major industrial companies, investors, innovators, and policymakers.

More than 5,000 individuals from 90 countries have registered to attend the forum, which will feature over 500 speakers.

The ongoing conflict between Israelis and Hamas has not significantly affected the preparations for the forum.

Richard Attias, CEO of the FII Institute, had affirmed that the forum is proceeding as planned.

During a virtual press conference held days before this international event, Attias noted that the news about the conflict in the Middle East is distressing and underscores the importance of leaders and policymakers coming together to address the global challenges facing humanity.

Attias explained that this year’s edition of the forum is titled “The New Compass,” serving as a symbol for guidance.

It is essential for the FII community to come together to redesign a new compass, as it is a tool for navigation and inspiration, added Attias.

He revealed that more than 250 decision-makers from China, not only from state-owned enterprises but also from the private sector, especially in the technology industry, will be coming to Riyadh.

Moreover, top industry leaders from Latin America, Asia, and Africa will discuss emissions trading policies in preparation for the “COP 28” summit.

Speakers at the conference will discuss the positive impact of carbon trading on climate change, the sovereignty of carbon credits in the global South, and the role of Islamic finance in accelerating green market development.

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Honda, Nissan and Mitsubishi Drop Talks on Business Integration

This combination of pictures created on February 13, 2025 shows the logo of Honda Motor (L) taken on February 6, 2025 at the company's showroom in Tokyo and the logo of Nissan Motor (R) being displayed at the company's showroom in Tokyo on February 13, 2025. (Photo by Kazuhiro NOGI / AFP)
This combination of pictures created on February 13, 2025 shows the logo of Honda Motor (L) taken on February 6, 2025 at the company's showroom in Tokyo and the logo of Nissan Motor (R) being displayed at the company's showroom in Tokyo on February 13, 2025. (Photo by Kazuhiro NOGI / AFP)
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Honda, Nissan and Mitsubishi Drop Talks on Business Integration

This combination of pictures created on February 13, 2025 shows the logo of Honda Motor (L) taken on February 6, 2025 at the company's showroom in Tokyo and the logo of Nissan Motor (R) being displayed at the company's showroom in Tokyo on February 13, 2025. (Photo by Kazuhiro NOGI / AFP)
This combination of pictures created on February 13, 2025 shows the logo of Honda Motor (L) taken on February 6, 2025 at the company's showroom in Tokyo and the logo of Nissan Motor (R) being displayed at the company's showroom in Tokyo on February 13, 2025. (Photo by Kazuhiro NOGI / AFP)

Japanese automakers Honda, Nissan and Mitsubishi said Thursday they are ending talks on business integration.
Nissan Chief Executive Makoto Uchida said the talks had changed focus from setting up a joint holding company to making Nissan into a subsidiary of Honda, The Associated Press reported.
“The intent was to join forces to win in the global competition, but this was not going to realize Nissan's potential, so I could not accept it,” he told reporters. He said that Nissan was going to aim for a turnaround without Honda instead.
Honda Chief Executive Toshihiro Mibe said in a separate news conference that Honda had suggested a stock swap to speed up decision-making.
“I am really disappointed,” Mibe told reporters. “I felt the potential was great, but I also knew actions that would bring pain were necessary to realize that."
The automakers agreed to end their agreement regarding the consideration of the structure for a collaboration, a joint statement said.
Honda Motor Co. and Nissan Motor Corp. announced in December that they were going to hold talks to set up a joint holding company. Mitsubishi Motors Corp. had said it was considering joining that group.
From the start, the effort had analysts puzzled as to the advantages to any of the companies, as their model lineups and strengths overlap in an industry shaken by the arrival of powerful newcomers like Tesla and BYD, as well as the move to electrification.
Honda and Nissan initially said they were trying to finalize an agreement by June and set up the holding company by August.
The three automakers will continue to work together on electric vehicles and smart cars, such as autonomous driving, they said Thursday.
In recent weeks, Japanese media had various reports about the talks breaking down, citing unidentified sources. Some said Nissan balked at becoming a minor player in the partnership with Honda.
Mibe denied he knew or heard anything about the media speculation that Taiwan's Foxconn was considering taking a stake in Nissan.
Honda is in far better financial shape and was to take the lead in the joint executive team. Honda reported Thursday that its April-December 2024 profits declined 7% to 805 billion yen ($5 billion).
Nissan reported a loss for the July-September quarter as its vehicle sales sank, prompting it to slash 9,000 jobs. At that time, Uchida took a 50% pay cut to take responsibility for the results.