Future Investment Initiative Invests in Humanity

The Future Investment Initiative (FII) logo
The Future Investment Initiative (FII) logo
TT

Future Investment Initiative Invests in Humanity

The Future Investment Initiative (FII) logo
The Future Investment Initiative (FII) logo

The Future Investment Initiative (FII), the largest global forum of its kind in the Middle East, organized by Saudi Arabia, announced its fifth edition in Riyadh on October 26-28 under the theme "Invest in Humanity."

According to a statement issued by the organizers, the event brings together world leaders, experts, innovators, and media in a global forum to explore pioneering solutions addressing society's challenges and propel action towards their realization.

Yasir al-Rumayyan, chairman of the FII Institute board of trustees, indicated that the success of FII to date is a testament to the eagerness of the private and public sectors to play an active role in addressing the issues we face as a global community.

“By leveraging the enormous economic opportunities that will lie ahead in the post-Covid era, we will also catalyze the changes needed to achieve an equitable, prosperous future for all," said Rumayyan, who is also the Governor of the Public Investment Fund (PIF).

FII Institute CEO Richard Attias said: "As the world acknowledges the need for sustainable change, investors and leaders are looking for the right avenues to contribute in a way that creates both value and impact.”

The “Neo-Renaissance” of the global economy exploring in January during the fourth edition of FII, is now emerging, and the FII fifth anniversary edition will be a unique call to action, asserted Attias.

The most recent edition of FII, which took place in a hybrid format in January 2021, across global hubs, assembled over 200 speakers, 15,000 attendees from 130 nations, and the on-ground participation of a group of government and industry leaders, at the headquarters in Riyadh.



Alswaha: Saudi Arabia's Participation at WEF Strengthens Global Efforts in AI Technologies

Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
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Alswaha: Saudi Arabia's Participation at WEF Strengthens Global Efforts in AI Technologies

Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo

Saudi Minister of Communications and Information Technology Abdullah Alswaha has underlined the Kingdom's pivotal role in driving the global agenda to enhance the digital economy, foster innovation, and leverage artificial intelligence (AI) to serve humanity and protect the planet.

In a statement to the Saudi Press Agency (SPA), he highlighted that the Kingdom's international standing is a result of the support and guidance of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

The minister explained that Saudi Arabia's participation in the annual meeting of the World Economic Forum (WEF) in Davos, held from January 20 to 24, comes at a time when the world is transitioning from the digital age to the AI age.

This underscores the Kingdom's significant role in leading global efforts to promote innovation and utilize AI for the benefit of humanity.

He noted that the annual high-profile gathering provides a global platform to showcase the Kingdom's developmental, economic, and technological achievements under the framework of Saudi Vision 2030, made possible by the support of the Kingdom's leadership.

Alswaha said that Saudi Arabia is working in partnership with the international community to harness AI as a key tool for advancing sustainable development and achieving global goals, adding that these efforts aim to improve quality of life, support the digital economy, and create new job opportunities across various sectors, contributing to a sustainable and prosperous future for all.