Saudi FII Signs 16 Global Partnerships

A previous edition of the “Future Investment Initiative” forum (Asharq Al-Awsat)
A previous edition of the “Future Investment Initiative” forum (Asharq Al-Awsat)
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Saudi FII Signs 16 Global Partnerships

A previous edition of the “Future Investment Initiative” forum (Asharq Al-Awsat)
A previous edition of the “Future Investment Initiative” forum (Asharq Al-Awsat)

The Future Investment Initiative (FII) announced signing 16 partnerships with international corporate companies to make an impact in five key areas: artificial intelligence, robotics, education, healthcare, and sustainability.

The partnership contracts come at a time when the Saudi capital, Riyadh, is preparing to hold the fifth session of the FII from October 26 to 28under the slogan “Investing in Humanity.”

Discussions will revolve around investments that would achieve the most significant benefit to humanity, especially as multiple sectors experience an economic renaissance in the post-pandemic era.

According to information released on Thursday, the platform will bring together state leaders, company leaders, policymakers, investors, and innovators from all over the world.

The global forum will explore pioneering solutions that address challenges facing society and work to achieve those solutions.

Over three days, the FII forum will feature interactive summits on investment in education, metaverses, and ESG standards.

FII Institute CEO Richard Attias said: “Each partner brings unique and pioneering technology that supports the FII Institute mission to make a positive impact on humanity. The investments, inventions, research, and products from these top global companies all aim to create a better world for all.”

“As multiple sectors witness a renaissance in a post-COVID era, the 5th Anniversary of FII will bring together world leaders, experts, innovators, and media in a global forum to explore solutions to society’s most pressing challenges and propel action towards their realization,” he added.

The FII is working to present facts and figures as part of launching several indicators to help government policymakers and the private sector to support investment in the future of humanity.



Iraq, US Sign Preliminary Deal on Projects Including 24,000 MW of Power Plants

Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
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Iraq, US Sign Preliminary Deal on Projects Including 24,000 MW of Power Plants

Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)

Iraq and the United States signed on Wednesday a memorandum of understanding for projects in the country, including 24,000 megawatts of power plants, the Iraqi prime minister's media office said.

Another MoU has been inked between Iraq's Ministry of Electricity and US company UGT Renewables to establish an integrated solar energy project with a capacity of 3,000 MW, the media office said in a statement.

US President Donald Trump's administration last month rescinded a sanctions waiver that since 2018 has allowed Iraq to pay Iran for electricity as Washington presses on with its "maximum pressure" campaign against Tehran.

Iraq, OPEC's second-largest producer after Saudi Arabia, uses Iranian power imports to generate electricity and has been under pressure from the US to reduce its reliance on power and gas imports from Iran.