Future Investment Initiative Examines Mechanisms to Reimagine New Global Economy

Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
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Future Investment Initiative Examines Mechanisms to Reimagine New Global Economy

Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo
Participants walk during the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser/File Photo

The Future Investment Initiative Institute - one of the largest economic forums in the world organized by Saudi Arabia - revealed that it will discuss the mechanisms of the birth of the new global economy after the exceptional circumstances caused by the outbreak of COVID-19 in 2020.

The Institute announced that it would host this month the Fourth Edition of FII to reimagine the global economy amid the COVID-19 pandemic.

Held on Jan. 27-28 at the King Abdulaziz International Conference Center (KAICC) in Riyadh, the conference will host speakers and audiences, who will join physically and virtually from FII satellites in New York, Paris, Beijing, and Mumbai.

“The 4th edition of FII will see the most innovative technologies to facilitate global conversations and to be inclusive at the benefit of all of humanity,” Richard Attias, CEO of the FII Institute, said.

“The FII Institute will act as a catalyst and a pioneer to allow interaction and exchange of disruptive ideas. There has never been a more important time to bring the greatest minds together to harness this opportunity to reimagine our world,” he added.

For his part, Yasser Al-Rumayyan, Chairman of the FII Board of Directors and Governor of the Public Investment Fund (PIF), said: “It is the most appropriate and important time for leaders, investors, and policymakers to meet in order to work together to revitalize the global economy.”



King Salman Directs Disbursement of over SAR3 Billion as Ramadan Assistance for Social Security Beneficiaries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman Directs Disbursement of over SAR3 Billion as Ramadan Assistance for Social Security Beneficiaries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, upon the recommendation of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, has directed the disbursement of more than SAR3 billion in Ramadan assistance to social security beneficiaries, SPA reported.

The directive reflects the leadership’s commitment to addressing the needs of beneficiary families and ensuring their requirements are met during the holy month of Ramadan.

The generous assistance includes SAR1,000 for the head of each household and SAR500 for each dependent. The amounts are expected to be deposited directly into the beneficiaries’ bank accounts within the coming hours.

Minister of Human Resources and Social Development Ahmed Al-Rajhi expressed his gratitude and appreciation to the Custodian of the Two Holy Mosques and the Crown Prince for this generous gesture toward social security beneficiaries and for their continued attention to citizens’ needs during Ramadan.


Makkah Deputy Governor Carries Out Field Inspection of Grand Mosque Readiness for Ramadan 

Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz is seen during his inspection tour at the Grand Mosque in the holy city of Makkah. (SPA)
Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz is seen during his inspection tour at the Grand Mosque in the holy city of Makkah. (SPA)
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Makkah Deputy Governor Carries Out Field Inspection of Grand Mosque Readiness for Ramadan 

Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz is seen during his inspection tour at the Grand Mosque in the holy city of Makkah. (SPA)
Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz is seen during his inspection tour at the Grand Mosque in the holy city of Makkah. (SPA)

Deputy Governor of the Makkah Region Prince Saud bin Mishaal bin Abdulaziz inspected the readiness of the Grand Mosque and its facilities, conducting a field tour to review operational and service preparations for receiving worshippers and Umrah performers during the holy month of Ramadan, reported the Saudi Press Agency on Tuesday.

Prince Saud was briefed on the operational plans implemented by the relevant authorities, including crowd management mechanisms, service enhancements, and facility preparations aimed at ensuring smooth movement and enhancing comfort and safety levels for visitors to the Grand Mosque, particularly during peak times.

He reviewed developmental initiatives and smart services supporting the operational system, notably electric mobility carts for transporting the elderly, persons with disabilities, and those in need of assistance within the Grand Mosque.

The tour also included an overview of the efforts of guidance teams deployed across the corridors and courtyards of the Grand Mosque, providing multilingual assistance and direction.

Prince Saud reviewed the interactive map and digital mobility platform, which allows visitors to plan their routes in advance and identify service locations, entrances and exits, and less crowded pathways.

He was briefed on crowd management systems, including the visitor density sensor platform that measures human density in real time, and the Tawaf and Sa’i crowd status display service, which allows worshippers to select appropriate times to perform rituals with ease. Models of the modern multilingual guidance system were also reviewed.

Prince Saud also visited the Smart Engineering Command and Control Center, which serves as an advanced central platform linking operational systems and monitoring performance in real time, boosting operational efficiency and raising readiness levels during Ramadan.


Saudi Leadership Provides Two Donations Worth SAR150 Mln Through Jood Eskan Platform

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. (SPA)
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Saudi Leadership Provides Two Donations Worth SAR150 Mln Through Jood Eskan Platform

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, have provided two generous donations amounting to SAR150 million through the Jood Eskan platform.

The move aligns with the leadership's commitment to supporting all national efforts and initiatives to provide suitable housing for deserving families.

Minister of Municipalities and Housing and Chairman of the Board of Trustees of the Developmental Housing Foundation (Sakan) Majed Al-Hogail expressed his deep gratitude to the leadership for its unwavering support to all national efforts and initiatives aimed at providing suitable housing for eligible families across the Kingdom.

He noted the effective impact of previous generous donations in achieving the goals of housing development, and motivating individuals and institutions to donate through the Jood Eskan platform that is based on community giving that helps provide decent housing and boosts stability and quality of life for deserving families.