Future Investment Initiative Invests in Humanity

The Future Investment Initiative (FII) logo
The Future Investment Initiative (FII) logo
TT
20

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.



Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
TT
20

Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.