ISLAMABAD (TNS) The Future Investment Initiative (FII) serves as an important platform for countries to showcase their economic strength, attract foreign investment and engage in dialogue to shape a sustainable future.
Investment and future cooperation to be discussed during the Prime Minister of Pakistan’s visit to Saudi Arabia Pakistan’s new Foreign Office spokesperson Tahir Andrabi said that Prime Minister Shehbaz Sharif’s visit to Saudi Arabia will focus on promoting economic investment, finalizing existing projects and setting a roadmap for future cooperation.
Prime Minister Shehbaz Sharif will travel to Riyadh from October 27 to 30 to attend the ninth Future Investment Initiative (FII) Conference. This project was launched by the Public Investment Fund of Saudi Arabia in 2017 under Vision 2030. The forum brings together global leaders, investors and innovators to explore investment opportunities and cutting-edge technologies such as artificial intelligence, robotics and green finance. “Economic investment is a key component that will be discussed during the visit to Saudi Arabia. I am confident that it will further streamline the already agreed and worked out projects between the two countries and also shape the lines of projects on the future horizon,” said a spokesperson for the Foreign Office of Pakistan. “Pakistan and Saudi Arabia have long had close relations, but in recent years there has been an effort to expand cooperation, with a defense agreement to counter external aggression being particularly noteworthy. The agreement was signed on September 18 during the Prime Minister’s visit to Riyadh. In addition, 34 memorandums of understanding worth $2.8 billion were signed last year in various sectors.
Prime Minister of Pakistan Muhammad Shehbaz Sharif is on a three-day visit to Saudi Arabia starting today at the invitation of Crown Prince and Prime Minister Muhammad bin Salman. The visit signifies Pakistan’s commitment to furthering economic diplomacy and promoting strategic partnerships in investment, technology and sustainable development. During his stay, the Prime Minister will explore ways to enhance cooperation in the fields of trade, investment, energy and human resources with the Saudi leadership. The discussions will also cover regional and global issues of mutual interest and concern. Prime Minister Shehbaz Sharif is leading a high-level delegation – including Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar, as well as senior cabinet ministers – to convene global leaders, investors, policymakers, and innovators to explore the theme of “Keys to Prosperity: Unlocking New Frontiers of Growth”. The thematic discussions will address global challenges and opportunities, focusing on key themes such as innovation, sustainability, economic inclusion, and geopolitical shifts. On the occasion of FII9, the Prime Minister will also interact with leaders of other participating countries and heads of international organizations. These exchanges will highlight Pakistan’s investment potential and its readiness to advance cooperation in sustainable development, in line with the “Think, Exchange, and Act” model.
The Future Investment Initiative Summit in Saudi Arabia will continue at the King Abdulaziz International Convention Center in Riyadh. Prime Minister Shehbaz Sharif has arrived in Saudi Arabia to attend the conference. Under the theme of Investment, Shaping Tomorrow, the conference will discuss how investment can work to impact for a prosperous and sustainable future.
The conference aims to address key issues such as artificial intelligence, robotics, education, energy, space, finance, healthcare and sustainability. Artificial intelligence and new technologies are on the agenda. Agreements worth $28 billion are expected during the conference.
7,100 participants from around the world have registered for the conference. This is an increase from last year. There will be more than 500 speakers, while there will be more than 200 sessions and dialogue forums.
The Future Investment Initiative Institute has announced the roster of its global partners for the 9th edition of its flagship Future Investment Initiative Institute Conference, to be held in Riyadh from October 27 to 30. According to the Saudi Press Agency, this year’s conference, held under the theme “Keys to Prosperity,” is bringing together the world’s most influential leaders, investors, policymakers, CEOs and innovators. Delegates will address the contradictions shaping today’s world to chart actionable strategies for inclusive and sustainable prosperity. The report said that the Future Investment Initiative Institute acknowledged the continued support of its founding partner, the Public Investment Fund, and its vision partners, the Ministry of Investment and Saudi Aramco, whose leadership and collaboration are critical to advancing the institution’s global mission. The Future Investment Initiative Institute welcomed a group of new strategic partners this year, including Arabian Dior, Barclays, and Brookfield, as well as Hermes Guggenheim Investments. The Future Investment Initiative has also joined as partners Souda Development, the Saudi electricity company.30 percent of the conference participants are from the United States, 20 percent from Europe, and 20 percent from Asia. The Future Investment Initiative says that this time more people associated with the technology industry, including artificial intelligence (AI), are participating because artificial intelligence is now everywhere and it is affecting all industries and sectors. The choice of Saudi Arabia as the host country is a key reason for the success of the FII. Saudi Arabia has certainly become a global center and is, if you look at the map of the world, it is clear that it is located in a very good place. The Kingdom of Saudi Arabia is now a place where global conversations are taking place on the future of industry, mining, aviation, logistics and technology. Known as the ‘Davos in the desert’, the Future Investment Initiative (FII) is a platform where global leaders, CEOs and policymakers come together to shape the future of industry, governance and humanity. Through the conference, the Future Investment Initiative Foundation will foster dialogue on how investment can act as a catalyst for a prosperous and sustainable future and how to broaden this horizon to achieve maximum benefits for humanity. The new strategy to confront and address global challenges, Africa’s role in the global economy, increasing the role of women in key positions, and the practical aspects of investment will also be addressed.
The acting CEO of the Future Investment Initiative Institute said, “Our partners are at the heart of everything we do at the Future Investment Initiative Institute. Their commitment and support enable us to turn vision into action, action into measurable impact, and sustainability. With more than 60 partners this year, we are proud to convene a global coalition for sustainable development, responsible innovation, and inclusive prosperity. Partners already working with the Future Investment Initiative Institute in areas such as investment, finance, and technology, as well as infrastructure and energy, include NEOM, Red Sea Global, and Riyadh Air. Together, these partners strengthen the Institute’s mission to advance impact-driven initiatives and foster collaboration across industries and borders, accelerating sustainable development for humanity, it said. The Future Investment Initiative Institute Ventures Program has welcomed a new partner, the Saudi National Technology Development Program, to support an expanding ecosystem that connects visionary entrepreneurs with global investors to accelerate innovation and create scalable impact. While past annual conferences have featured individuals from the financial sector, this time the focus has shifted to technology-based industries. This time, more people from the technology industry, including artificial intelligence (AI), are participating because AI is everywhere and AI is affecting all industries and sectors. At a time when new technologies are transforming everything from health to entertainment, artificial intelligence is high on the agenda of the FII conference. When the FII was first founded in 2017, some sectors also expressed skepticism. Many also questioned whether the world needed another forum where business figures and political leaders come together, and at the same time, Saudi Arabia was also viewed with suspicion as to whether it could successfully host a major event. But the FII is not only still in existence, but is also running successfully.
Over the past 8 years, the conference has signed deals worth $128 billion, which is proof that the role of FII is much bigger than providing networking opportunities. The choice of Saudi Arabia as the host country is a major reason for the success of FII. Saudi Arabia has certainly become a global hub. Apart from FII, the Kingdom of Saudi Arabia is now certainly a place where global discussions are taking place on the future of industry, mining, aviation, logistics and technology. Vision 2030 is a very wonderful program. If people read it, they will understand that this country is on the path of complete transformation. It is becoming possible to establish wonderful sectors that are contributing to the diversification of the economy. And the Kingdom of Saudi Arabia is moving from an oil-producing economy to a diversified economy. So these platforms are where global discussions take place on all the sectors that support diversification in the economy. People are very happy to come to Saudi Arabia. 30% of the conference participants are from the US, 20% from Europe, and 20% will represent Asia. FII’s most important role in global development is to focus on sustainable investment. From renewable energy to healthcare and affordable housing, FII aims to encourage investments that have a lasting impact on humanity.This forum has laid the foundation for a new framework called ESG (Environmental, Social and Governance). The new model is also necessary because the current model was not fair and did not include emerging markets. This new framework can offer trillions of new investment opportunities in regions like Asia and Africa, which will help address challenges such as climate change and social inequality. FII’s influence is not limited to Riyadh. This initiative has spread globally and events have also been held in major cities like Miami, London and Rio de Janeiro. FII participants are drawing attention to the positive role of investment and partnerships, which can also prove important in bringing stability. Hopefully, if annual events like the Future Investment Initiative continue to be held, the world will overcome the current challenges.
