As FII Ends, Riyadh Emerges as Global Lab Steering the Economy

Public Investment Fund (PIF) Governor Yasir Al-Rumayyan speaks during his opening address at the conference (Asharq Al-Awsat)
Public Investment Fund (PIF) Governor Yasir Al-Rumayyan speaks during his opening address at the conference (Asharq Al-Awsat)
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As FII Ends, Riyadh Emerges as Global Lab Steering the Economy

Public Investment Fund (PIF) Governor Yasir Al-Rumayyan speaks during his opening address at the conference (Asharq Al-Awsat)
Public Investment Fund (PIF) Governor Yasir Al-Rumayyan speaks during his opening address at the conference (Asharq Al-Awsat)

The 2025 Future Investment Initiative (FII) wrapped up in Riyadh with a global consensus taking shape: Saudi Arabia has moved beyond the role of host to become a driving force redefining the very concept of economic summits.

Over three intensive days, the Saudi capital did more than welcome thousands of leaders, investors and decision-makers, it transformed into a global command center for finance, gathering some of the world’s most influential investment minds under one roof.

The event’s atmosphere became a living model of how global wealth flows and takes shape, a scene usually reserved for capitals that set and steer the world’s economic future.

With more than 9,000 international participants attending this ninth edition, the scale of engagement underscored the conference’s unprecedented strength. The halls transcended their role as venues for official sessions, evolving into a live “laboratory” for reshaping and liberating the global economy.

The power of side discussions

The true value of FII extended beyond its main stages to the sidelines, where candid, high-level exchanges proved equally vital. In moments of frank, in-depth dialogue, barriers of competition among industry giants dissolved.

Within this rare “knowledge fusion,” months of research and market analysis were distilled into direct exchanges between major investors and financial leaders.

These visionary conversations covered crucial themes from market performance, interest rate forecasts and inflation, to the Federal Reserve’s independence and its impact on Wall Street, as well as the implications of complex tariff policies.

More significantly, there was a strong focus on artificial intelligence and how it is redefining investment decisions, offering asset managers a “true mirror” to assess their strategies amid a collective outlook shaped by global leaders.

This is the inherent strength of FII: its ability to turn individual perspectives into strategic consensus, where every opinion voiced carries real influence over massive portfolios and contributes to shaping regional and global capital flows.

Saudi Arabia as an investment benchmark

The gathering succeeded in rising above geopolitical and economic complexities, positioning itself as a compass directing global capital toward the most ambitious and profitable opportunities.

Its success was most evident in its ability to translate promises into immediate deals and strategic partnerships, by creating an ideal environment for swift and effective investment decisions.

This momentum was reflected in the overwhelming demand for investment in Saudi Arabia, a sentiment shared by global financial heavyweights.

Public Investment Fund (PIF) Governor Yasir Al-Rumayyan described this success as “a global benchmark for a national vision” that has opened doors to opportunities spanning generations.

He summed up the transformation in a powerful phrase: “Saudi Arabia no longer presents itself to the world - the world now comes to it,” citing the Kingdom’s hosting of major global events such as the Future Investment Initiative, Expo 2030, and the 2034 FIFA World Cup.

Investing in technological sovereignty

Artificial intelligence dominated this year’s FII agenda, underscoring that Saudi Arabia is not only positioning itself as a financial hub but also as a global power in technology and innovation.

Discussions moved beyond potential to action, with the announcement of major investment commitments aimed at achieving technological sovereignty.

One highlight was the unveiling of a strategic plan to deploy up to 400,000 AI chips in Saudi Arabia by 2030, an investment designed to build the computing capacity needed to fuel the Kingdom’s AI revolution.

A landmark partnership was announced between Humain, a PIF portfolio company, and Qualcomm Technologies of the United States, to establish an advanced AI infrastructure in the Kingdom.

In a move signaling the sector’s strategic weight, Saudi Aramco and the Public Investment Fund agreed on acquiring a significant stake in Humain, with Aramco reaffirming AI’s critical role in its future operations.

This deep focus reflects a shared conviction among Saudi leaders that AI infrastructure is the “key to prosperity,” the bridge connecting ambitious visions to tangible economic realities. The Kingdom is betting that artificial intelligence will spark transformative change across all sectors.

So, the Future Investment Initiative has evolved beyond an annual event. It has become a global arena for anyone seeking to take part in shaping the future of investment worldwide.



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.