Future Investment Initiative: From ‘Davos in the Desert’ to a Platform for Untangling Global Crises

A view of the audience during one of the sessions at the eighth edition of the Future Investment Initiative conference (Asharq Al-Awsat). 
A view of the audience during one of the sessions at the eighth edition of the Future Investment Initiative conference (Asharq Al-Awsat). 
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Future Investment Initiative: From ‘Davos in the Desert’ to a Platform for Untangling Global Crises

A view of the audience during one of the sessions at the eighth edition of the Future Investment Initiative conference (Asharq Al-Awsat). 
A view of the audience during one of the sessions at the eighth edition of the Future Investment Initiative conference (Asharq Al-Awsat). 

The annual Future Investment Initiative (FII) is evolving from an investment forum into a powerful geoeconomic and diplomatic platform. In the midst of unprecedented geopolitical and economic transformations, Riyadh is consolidating its status as an indispensable global hub, a place where future-shaping decisions are made and urgent diplomatic solutions take form.

As the Saudi capital hosts the ninth edition of the FII - bringing together some of the world’s most influential figures in finance and technology to chart a roadmap for sustainable growth and artificial intelligence - it is simultaneously witnessing an intense wave of diplomatic activity, including high-level coordination meetings on the two-state solution.

Riyadh is positioning itself as a bridge between global capital, development imperatives, and the requirements of regional stability and peace.

The ninth edition of the forum opened with closed sessions on Monday, with the official launch scheduled for Tuesday under the theme “The New Compass: Unlocking New Frontiers for Growth.” More than 8,000 participants and 650 prominent speakers are taking part in 250 discussions.

What began years ago as an investment gathering with a local lens - dubbed “Davos in the Desert” - has now matured into a global geoeconomic platform designed to navigate and address complex crises.

This transformation comes at a critical time for the world economy. Trade tensions, including US tariffs, and geopolitical instability in Europe and the Middle East have created high levels of uncertainty. Global growth faces mounting risks.

By contrast, Saudi Arabia has charted a different course, demonstrating strong resilience against external shocks and an ability to adapt quickly to changing conditions. This strength is supported by the steady expansion of its non-oil sectors, a cornerstone of its economic diversification strategy, making the Kingdom a reliable anchor for global capital in an increasingly fragmented world.

The initiative also functions as a bridge for global capital and a key platform for investors interested in the Middle East. Globally, discussions on artificial intelligence, sustainable energy, and innovation are already shaping capital flows and influencing the valuations of major companies.

For Saudi Exchange (Tadawul), the event acts as a significant catalyst. Direct engagement between the Public Investment Fund (PIF) and global investment banks enhances awareness of the Saudi market’s depth and liquidity, aligning with the Kingdom’s goal of increasing its weight in global indices and paving the way for large upcoming IPOs.

This year, the forum carries unprecedented geopolitical weight. It takes place at a moment when regional focus is shifting from conflict to reconstruction and development. High-level diplomatic attendance, coordination meetings on the two-state solution, and discussions addressing global conflicts all underscore Riyadh’s emerging role as a mediator capable of linking political stability with economic investment.

One of the forum’s headline sessions explores three key themes: progress, innovation, and fragmentation. It addresses questions of market efficiency, the environmental cost of economic expansion, the responsible use of AI, technological entrepreneurship, climate resilience, and how to secure global supply chains in a world defined by economic competition and digital transformation.

Yasir Al-Rumayyan, Governor of the PIF and Chairman of the Future Investment Initiative Institute, will officially open the forum, presenting the fourth edition of the “Priority Compass.” This extensive survey draws on the views of tens of thousands of participants from 32 countries, representing 66 percent of the world’s population. Its aim is to guide decision-makers toward citizen-centered solutions.

The final day of the event, known as Investment Day, will be devoted to signing deals, presenting high-growth projects and emerging technologies, and fostering connections between founders and global investors. Asset managers overseeing more than $100 trillion in assets are expected to participate.

Among the prominent speakers are Laurence D. Fink of BlackRock, Jamie Dimon of JPMorgan Chase, David Solomon of Goldman Sachs, Bruce Flatt of Brookfield Asset Management, Bill Winters of Standard Chartered, Jane Fraser of Citigroup, Jenny Johnson of Franklin Templeton Investments, Ray Dalio of Bridgewater Associates, Stephen A. Schwarzman of Blackstone, Cathie Wood of ARK Invest, and Alex Clavel of SoftBank Vision Fund. Also attending are CEOs from Barclays, Nasdaq, Temasek Holdings, and China Investment Corporation.

Behind closed doors, Monday’s sessions delved into cutting-edge technological and economic shifts, from quantum computing breakthroughs to digital currencies and carbon accounting. One session, “Can We Win the Quantum Computing Race and Turn It into Profit?”, examined rapid developments in quantum hardware and software and noted that governments worldwide have committed more than $40 billion to research and development in this field.

Another session, supported by Saudi Aramco, reviewed new methods to measure product-level carbon emissions, aiming to bring greater transparency to corporate climate performance. A third session explored how digital currency infrastructure could redefine global finance, with discussions on stablecoins, central bank digital currencies, and the role of major institutions such as Bank of America, PayPal, and Stripe in driving cross-border payment solutions.

 

 

 

 



Saudi Arabia Signs Mineral Cooperation Deals with Chile, Canada, Brazil

The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF) in Riyadh. (SPA)
The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF) in Riyadh. (SPA)
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Saudi Arabia Signs Mineral Cooperation Deals with Chile, Canada, Brazil

The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF) in Riyadh. (SPA)
The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF) in Riyadh. (SPA)

Saudi Arabia, represented by the Ministry of Industry and Mineral Resources, signed on Tuesday three international memoranda of understanding (MoUs) on mineral resources cooperation with the Chile, Canada, and Brazil.

The MoUs were signed on the sidelines of the Ministerial Roundtable of ministers concerned with mining affairs, held as part of the fifth annual Future Minerals Forum (FMF), hosted by Riyadh from January 13 to 15.

The deals reflect the Kingdom’s efforts to expand its international partnerships and strengthen technical and investment cooperation in the mining and minerals sector in a manner that serves mutual interests and supports the sustainable development of mineral resources.

The signing ceremony included MoUs on cooperation in the mineral resources field with the Chilean Ministry of Mining, the Canadian Department of Natural Resources, and the Brazilian Ministry of Mines and Energy.

The Ministerial Roundtable recorded the largest level of international representation of its kind globally, with participation from more than 100 countries, including all G20 members in addition to the European Union, as well as 59 multilateral organizations, industry associations, and non-governmental organizations.

The attendance reflects the standing the ministerial meeting has attained as a leading international platform for aligning perspectives, building partnerships, and developing practical solutions to global challenges in the mining and minerals sector.


Iran's Partners in Crisis after Trump Announces New Tariffs

The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
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Iran's Partners in Crisis after Trump Announces New Tariffs

The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)
The Iranian flag and 3D printed oil barrels miniature are seen in this illustration taken June 23, 2025. (Reuters)

US President Donald Trump on Monday said any country that does business with Iran will face a tariff rate of 25% on any trade with the US as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.

Iran, a member of the OPEC oil producing group, exported products to 147 trading partners in 2022, according to World Bank's most recent data.

China and the United Arab Emirates are Iran’s largest trading partners, putting them at the top of the list of countries at risk of being hit by Trump’s 25% tariff threat, according to Bloomberg.

Countries like India, Brazil, Iraq, Türkiye and Russia are also major trade partners of Iran.

Fuel is Iran's biggest export item by value, while major imports include intermediate goods, vegetables, machinery and equipment.

China

China is the primary buyer of Iranian oil, which remains under international sanctions over Tehran's nuclear program.

In 2024, the trade turnover between the two countries amounted to $17.8 billion.

In 2025, China bought more than 80% of Iran's shipped oil, according to data from Kpler, an analytics firm.

Iranian oil has a limited pool of buyers because of US sanctions that seek to cut off funding to Tehran's nuclear program.

Also, Iran has a record amount of oil on the water, ​equivalent to about 50 days of output, with China having bought ‌less because of sanctions and Tehran seeking to protect its supplies from the risk of US strikes, data from Kpler and Vortexa shows.

Iranian oil imported by China is typically labelled by traders as originating from other countries, such as Malaysia, a major transshipment hub, and Indonesia.

Chinese customs data has not shown any oil shipped from Iran since July 2022.

UAE

While China is Iran's premier trade partner, the UAE is the second largest. Trade between Iran and the UAE has reached $16.11 billion, making it a vital center in Iran’s regional trade and putting the Emirates at the top of the list of countries at risk of being targeted by Trump’s tariffs.

Iraq

Iraq, Iran’s historical partner and geographically closest, ranks fourth globally with a trade volume reaching $12.3 billion, representing 9.9% of Iran’s total foreign trade activity.

In recent years, Iraq has relied on Iran to supply about 40% of its needs for gas and electricity, at a time when Iraqi infrastructure lacks the capacity to process natural gas for domestic use.

Iraq is already subject to US tariffs of 35% under Trump’s decision to impose reciprocal tariffs with many countries last August.

Currently, gas exports from Iran have been suspended or severely curtailed due to a combination of extreme domestic heating demand and broader economic pressures.

India

India's total bilateral trade with Iran stood at $1.34 billion for the first 10 months of 2025, according to India's commerce ministry. Major Indian exports to Iran include basmati rice, fruits, vegetables, drugs and other pharmaceutical products.

The US president already imposed levies as high as 50% on Indian goods tied to their purchase of Russian oil. The two sides have been working for months to finalize a deal that would provide long-sought tariff relief to New Delhi.

Türkiye

Turkish exports to Iran were $2.3 billion in full-year 2025, while imports were $2.2 billion over 11 months of the year, according to sector and official data sources.

Germany

Iran's exports to Germany stood at around 217 million euros in the first eleven months of 2025, an increase of 1.7%, according to data from the state-owned international economic promotion agency Germany Trade & Invest. German exports to Iran fell by a quarter to 871 million euros over the period.

South Korea

South Korea's exports to Iran between January and November 2025 were marginal at $129 million, while imports stood at $1.6 million during the same period, according to data from the Korea International Trade Association.

Japan

Japan imported modest amounts of fruit, vegetables and textiles from Iran and shipped some machinery and vehicle engines there, according to the latest trade data from Japan that goes through November 2025.


Alkhorayef to Asharq Al-Awsat: Saudi Efforts Drive Mining Investment

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at a press conference in response to a question from Asharq Al-Awsat. (Asharq Al-Awsat)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at a press conference in response to a question from Asharq Al-Awsat. (Asharq Al-Awsat)
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Alkhorayef to Asharq Al-Awsat: Saudi Efforts Drive Mining Investment

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at a press conference in response to a question from Asharq Al-Awsat. (Asharq Al-Awsat)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at a press conference in response to a question from Asharq Al-Awsat. (Asharq Al-Awsat)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said on Tuesday the Kingdom is intensifying its efforts, through the Future Minerals Forum and by reshaping long-standing negative perceptions of the sector, to encourage investors worldwide to reassess the value of mining investments, particularly in Africa.

Speaking to Asharq Al-Awsat on the sidelines of the Riyadh forum, held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz, Alkhorayef said that one of the biggest challenges facing the mining sector was the flow of investment.

This issue had been raised since the launch of the Future Minerals Forum and the roundtable initiative, he added.

The World Bank's participation in the Future Minerals Forum signaled the importance of finding solutions capable of supporting investment in the sector, he stressed.

Alkhorayef revealed that there were other initiatives aimed at supporting sectors complementary to mining, particularly logistics services, through government partnerships and support provided by international organizations, alongside banks and development funds.

The international ministerial meeting of ministers responsible for mining affairs was held on Tuesday as part of the Future Minerals Forum.

It is regarded as the world’s largest and most prominent government platform for discussing the future of the mining and minerals sector, with participation from over 100 countries, more than 70 international and non-governmental organizations, as well as business federations and leading global industry executives.

The meeting is following up on progress in the three ministerial initiatives, identifying upcoming work milestones, and cooperating on capacity building with international partners and skills development.

It will also launch the Future Minerals Framework as a scientific pathway to align visions and boost cooperation worldwide.