PIF announces Future Investment Initiative

September 19, 2017

Saudi Gazette report

— The Public Investment Fund of the Kingdom of Saudi Arabia (PIF) on Monday announced the launch of the Future Investment Initiative (FII) under the patronage of Custodian of the Two Holy Mosques King Salman.

Hosted and organized by PIF, the Kingdom’s main investment arm and one of the world’s leading sovereign wealth funds, the FII will take place from October 24 to 26 in Riyadh.

It will be a game-changing platform exploring the new trends, opportunities, challenges and emerging industries that will shape the world economy and investment environment over the coming decades.

This inaugural FII will be held under the leadership of Crown Prince Muhammad Bin Salman, Deputy Premier, Minister of Defense, Chairman of the Council of Economic and Development Affairs (CEDA) and Chairman of PIF.

The invitation-only event will bring together internationally-renowned business and investment leaders.

A number of high-profile speakers have already been confirmed, covering major investors, global financial institutions and established and emerging businesses.

They include Chairman and CEO of BlackRock Larry Fink, Group Chief Executive of HSBC Stuart Gulliver, President and CEO of Siemens Joe Kaeser, CEO of Bank of China Tong Li, Chairman and CEO of SoftBank Group Masayoshi Son, and CEO of Virgin Galactic George Whitesides.

The attendees will also include established players, new innovators and creators across key sectors that will shape the future global economy.

“The Future Investment Initiative (FII) will provide an unprecedented opportunity for many leaders and influencers around the world to better understand the future of the global investment landscape,” said Yasir Bin Othman Al-Rumayyan, Managing Director of PIF.

“It will also act as a platform to showcase the PIF’s redefined investment mandate and strategy, as it progresses towards becoming the world’s largest sovereign wealth fund,” he added.

Through a highly collaborative and interactive program, over 2,000 attendees will discuss long-term investment and global trends across a broad range of topics.

The event is designed around three key pillars: Shifting centers of power, the new investment paradigm and innovation for a better world.

The FII is being organized in the context of Saudi Arabia’s Vision 2030, a blueprint that is already charting the path for the Kingdom to harness its strategic location and strong investment capabilities.

The core principles of the event are aligned with the strategic objectives and targets of the Kingdom’s National Transformation Plan, which is key to achieving Saudi Arabia’s ambitious Vision 2030.

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